FinObservatory

Crisis atlas / KWT / 1982–1985

Kuwait, 1982–1985

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.

Banking

Crisis years in this episode

Every distinct (year, type) event inside the 1982–1985 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. 1982
    Bankinggmd, laeven_valencia2 sources
  2. 1983
    Bankinglaeven_valencia1 source
  3. 1984
    Bankinglaeven_valencia1 source
  4. 1985
    Bankinglaeven_valencia1 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

Episode-level fiscal cost and output loss from the systemic banking crises database. Fiscal cost is the gross outlay of banking-sector rescues; output loss is the cumulative deviation of real GDP from its pre-crisis trend, both as a percent of GDP.

Banking episode 1982–1985
Not reported
Fiscal cost, % of GDP
143.4%
Output loss, % of GDP
1985
Episode end year

Source: Laeven & Valencia (2026), IMF WP/26/94, Systemic Banking Crises Database 1970-2025 Methodology

Macro context, 19751992

Seven years either side of the episode. Each panel has its own scale; the crisis window is shaded. Only indicators with data for Kuwait 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)
-1001020197519821992
Real GDP growth (% y/y)
-50050100197519821992
Policy rate (%)
02.557.5197519821992
Govt debt (% of GDP)
0204060197519821992
Unemployment (%)
012197519821992
Current account (% of GDP)
-300-200-1000100197519821992

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.

Banking
  • Global Macro Database1982
  • Laeven-Valencia1982, 1983, 1984, 1985

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

6 interventions from the Metrick-Schmelzing banking-crisis database whose recorded year falls inside this episode window (1982–1985). 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.

KWT-1982Kuwait
  1. Aug-1982LendingBBEL
  2. Aug-1982Regulatory forbearance / rulesORL
  3. Aug-1982Regulatory forbearance / rulesSBH
  4. Jan-1983LendingMLA
  5. Late 1983LendingBBEL
  6. Apr-1983Regulatory forbearance / rulesORL

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.