FinObservatory

Crisis atlas / HND / 1981–2016

Honduras, 1981–2016

One crisis episode: distinct crisis years merged across gaps of up to two non-crisis years. Types, source agreement, and macro context are drawn from the union of five primary chronologies.

Sovereign debtCurrencyBanking

Crisis years in this episode

Every distinct (year, type) event inside the 1981–2016 window, with the chronologies flagging it and the count of agreeing sources. Start-year sources (GMD, JST) mark only the first year, so agreement falls in the continuation years.

  1. 1981
    Sovereign debtgmd, laeven_valencia, rr3 sources
  2. 1982
    Sovereign debtrr1 source
  3. 1983
    Sovereign debtrr1 source
  4. 1984
    Sovereign debtrr1 source
  5. 1985
    Sovereign debtrr1 source
  6. 1986
    Sovereign debtrr1 source
  7. 1987
    Sovereign debtrr1 source
  8. 1988
    Sovereign debtrr1 source
  9. 1989
    Sovereign debtrr1 source
  10. 1990
    Currencygmd, laeven_valencia, rr3 sources
    Sovereign debtrr1 source
  11. 1991
    Sovereign debtrr1 source
  12. 1992
    Sovereign debtgmd, laeven_valencia, rr3 sources
  13. 1993
    Currencyrr1 source
    Sovereign debtrr1 source
  14. 1994
    Currencyrr1 source
    Sovereign debtrr1 source
  15. 1995
    Sovereign debtrr1 source
  16. 1996
    Currencyrr1 source
    Sovereign debtrr1 source
  17. 1997
    Sovereign debtrr1 source
  18. 1998
    Sovereign debtrr1 source
  19. 1999
    Bankingrr1 source
    Sovereign debtrr1 source
  20. 2000
    Sovereign debtrr1 source
  21. 2001
    Bankingrr1 source
    Sovereign debtrr1 source
  22. 2002
    Bankingrr1 source
    Sovereign debtrr1 source
  23. 2003
    Sovereign debtrr1 source
  24. 2004
    Sovereign debtrr1 source
  25. 2005
    Sovereign debtrr1 source
  26. 2006
    Sovereign debtrr1 source
  27. 2007
    Sovereign debtrr1 source
  28. 2008
    Sovereign debtrr1 source
  29. 2009
    Sovereign debtrr1 source
  30. 2010
    Sovereign debtrr1 source
  31. 2011
    Sovereign debtrr1 source
  32. 2012
    Sovereign debtrr1 source
  33. 2013
    Sovereign debtrr1 source
  34. 2014
    Sovereign debtrr1 source
  35. 2015
    Sovereign debtrr1 source
  36. 2016
    Sovereign debtrr1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Laeven-Valencia banking-crisis detail

This banking episode is not in the Laeven-Valencia systemic banking crises database, which covers systemic banking crises from 1970. The crisis is dated here by other chronologies (GMD, JST, Reinhart-Rogoff, or ESRB), none of which report a fiscal cost or output loss.

Macro context, 1974–2023

Seven years either side of the episode. Each panel has its own scale; the crisis window is shaded. Only indicators with data for Honduras in this window are shown. Bank credit growth (year over year in total loans) is available for the 18 Jordà-Schularick-Taylor advanced economies.

Inflation (% y/y)
02040197419812023
Real GDP growth (% y/y)
-2002040197419812023
Policy rate (%)
0510197419812023
Govt debt (% of GDP)
0100200300197419812023
Unemployment (%)
051015197419812023
Current account (% of GDP)
-20-10010197419812023

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 (credit) Real GDP growth is derived as the year-over-year change in real GDP; current account and government debt are percent of GDP; policy rate is the central-bank rate; bank credit growth is the year-over-year change in JST total loans. Methodology

How each source dates this episode

The chronologies disagree on start years and durations. This table is generated from the event rows, not curated: it lists, per crisis type, which source flags which years inside the window.

Sovereign debt
  • Global Macro Database1981, 1992
  • Laeven-Valencia1981, 1992
  • Reinhart-Rogoff1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016
Currency
  • Global Macro Database1990
  • Laeven-Valencia1990
  • Reinhart-Rogoff1990, 1993, 1994, 1996
Banking
  • Reinhart-Rogoff1999, 2001, 2002

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Documented policy responses

7 interventions from the Metrick-Schmelzing banking-crisis database whose recorded year falls inside this episode window (1981–2016). Each row is one documented government or central-bank action, tagged with the database’s own intervention categories and short code, under the crisis code it assigns. Matching is exact: same country, intervention year inside the window. The database’s global-crisis rows (no country) are never matched here.

HND-1999Honduras
  1. Sep-1999LendingAHEL
  2. Sep-1999GuaranteesAG
  3. Sep-1999GuaranteesOLG
HND-2002Honduras
  1. May-2002Capital injectionsAHCI
  2. May-2002RestructuringRES
HND-2009Honduras
  1. Apr-2009Regulatory forbearance / rulesCRL
  2. Apr-2009GuaranteesOLG

Source: Metrick-Schmelzing Banking-Crisis Interventions Database (Yale Program on Financial Stability) Cite as: Metrick, Andrew, and Paul Schmelzing, "Banking-Crisis Interventions Across Time and Space," working paper, 2024 (dataset consulted 2026-07-10). License: Creative Commons attribution. Methodology

Policy-response case studies (external)

For qualitative accounts of how authorities intervened in systemic crises, see the Yale Program on Financial Stability New Bagehot Project, a library of financial-crisis intervention case studies. It is a separate qualitative resource; no specific case is asserted to match this episode.