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Author | : Sangkyun Park |
Publisher | : Routledge |
Total Pages | : 217 |
Release | : 2014-04-16 |
Genre | : Business & Economics |
ISBN | : 1136300775 |
Download Contagion of Bank Failures (RLE Banking & Finance) Book in PDF, ePub and Kindle
This volume examines the vulnerability of sound banks during financial crises helps understand the nature of financial crises and other banking issues traces the history of banking reform in the United States from 1933 until 1992 discusses deregulation in the US banking system
Author | : Sangkyun Park |
Publisher | : |
Total Pages | : 201 |
Release | : 2012 |
Genre | : |
ISBN | : 9780415520867 |
Download Contagion of Bank Failures Book in PDF, ePub and Kindle
Author | : Charles W. Calomiris |
Publisher | : |
Total Pages | : 56 |
Release | : 1994 |
Genre | : Bank failures |
ISBN | : |
Download Contagion and Bank Failures During the Great Depression Book in PDF, ePub and Kindle
Studies of pre-Depression banking argue that banking panics resulted from depositor confusion about the incidence of shocks, and that interbank cooperation avoided unwarranted failures. This paper uses individual bank data to address the question of whether solvent Chicago banks failed during the panic asthe result of confusion by depositors. Chicago banks are divided" into three groups: panic failures, failures outside the panic window, and survivors. The characteristics of these three groups are compared to determine whether the banks that failed during the panic were similar ex ante" to those that survived the panic or whether they shared characteristics with other banks that failed. Each category of comparison -- the market-to-book value of equity, the estimated probability or failure or duration of survival the composition of debt, the rates of withdrawal of debt during 1931, and the interest rates paid on debt -- leads to the same conclusion: banks that failed during the panic were similar to others that failed and different from survivors. The special attributes of failing banks were distinguishable at least six months before the panic and were reflected in stock prices, failure probabilities, debt composition, and interest rates at least that far in advance. We conclude that failures during the panic reflected relative weakness in the face of common asset value shock rather than contagion. Other evidence points to cooperation among solvent Chicago banks a key factor in avoiding unwarranted bank failures during the panic
Author | : Charles Goodhart |
Publisher | : OUP Oxford |
Total Pages | : 570 |
Release | : 2002-01-17 |
Genre | : |
ISBN | : 0191588601 |
Download Financial Crises, Contagion, and the Lender of Last Resort : A Reader Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 217 |
Release | : |
Genre | : |
ISBN | : |
Download Contagion of Bank Failures (RLE Banking & Finance). Book in PDF, ePub and Kindle
Author | : Ms.Brenda Gonzalez-Hermosillo |
Publisher | : International Monetary Fund |
Total Pages | : 26 |
Release | : 1996-12-01 |
Genre | : Business & Economics |
ISBN | : 1451927533 |
Download Banking System Fragility Book in PDF, ePub and Kindle
This paper tests empirically the proposition that bank fragility is determined by bank-specific factors, macroeconomic conditions and potential contagion effects. The methodology allows for the variables that determine bank failure to differ from those that influence banks’ time to failure (or survival rate). Based on the indicators of fragility of individual banks, we construct an index of fragility for the banking system. The framework is applied to the Mexican financial crisis beginning in 1994. In the case of Mexico, bank-specific variables as well as contagion effects explain the likelihood of bank failure, while macroeconomic variables largely determine the timing of failure.
Author | : George G. Kaufman |
Publisher | : |
Total Pages | : 52 |
Release | : 1992 |
Genre | : Bank failures |
ISBN | : |
Download Bank Contagion Book in PDF, ePub and Kindle
Author | : Sangkyun Park |
Publisher | : |
Total Pages | : 98 |
Release | : 1991 |
Genre | : Bank failures |
ISBN | : |
Download Bank Failure Contagion in Historical Perspective Book in PDF, ePub and Kindle
Author | : Charles W. Calomiris |
Publisher | : |
Total Pages | : 46 |
Release | : 2007 |
Genre | : Bank failures |
ISBN | : |
Download Bank Failures in Theory and History Book in PDF, ePub and Kindle
Bank failures during banking crises, in theory, can result either from unwarranted depositor withdrawals during events characterized by contagion or panic, or as the result of fundamental bank insolvency. Various views of contagion are described and compared to historical evidence from banking crises, with special emphasis on the U.S. experience during and prior to the Great Depression. Panics or "contagion" played a small role in bank failure, during or before the Great Depression-era distress. Ironically, the government safety net, which was designed to forestall the (overestimated) risks of contagion, seems to have become the primary source of systemic instability in banking in the current era.
Author | : Charles W. Calomiris |
Publisher | : |
Total Pages | : 84 |
Release | : 2000 |
Genre | : Bank failures |
ISBN | : |
Download Causes of U.S. Bank Distress During the Depression Book in PDF, ePub and Kindle
This paper provides the first comprehensive econometric analysis of the causes of bank distress during the Depression. We assemble bank-level data for virtually all Fed member banks, and combine those data with county-level, state-level, and national-level economic characteristics to capture cross-sectional and inter-temporal variation in the determinants of bank failure. We construct a model of bank survival duration using these fundamental determinants of bank failure as predictors, and investigate the adequacy of fundamentals for explaining bank failures during alleged episodes of nationwide or regional banking panics. We find that fundamentals explain most of the incidence of bank failure, and argue that contagion' or liquidity crises' were a relatively unimportant influence on bank failure risk prior to 1933. We construct upper-bound measures of the importance of contagion or liquidity crises. At the national level, we find that the first two banking crises identified by Friedman and Schwartz in 1930 and 1931 are not associated with positive unexplained residual failure risk, or with changes in the importance of liquidity measures for forecasting bank failures. The third banking crisis they identify is a more ambiguous case, but even if one views it as a bona fide national liquidity crisis, the size of the contagion effect could not have been very large. The last banking crisis they identify at the beginning of 1933 is associated with important, unexplained increases in bank failure risk. We also investigate the potential role of regional or local contagion and illiquidity crises for promoting bank failure and find some evidence in support of such effects, but these are of small importance in the aggregate. We also investigate the causes of bank distress measured as deposit contraction, using county-level measures of deposits of all commercial banks, and reach similar conclusions about the importance of fundamentals in determining deposit contraction.