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ToolsPapanikolaou, N.I., 2018. A dual early warning model of bank distress. Economics letters, 162 (January), 127 - 130.
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A dual early warning model.Nikolaos Papanikolaou.pdf - Accepted Version Available under License Creative Commons Attribution Non-commercial No Derivatives. 435kB | |
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DOI: 10.1016/j.econlet.2017.10.028
Abstract
We develop a model that estimates the joint determination of the probability of a distressed bank to go bankrupt or to be bailed out. We obtain precise parameter estimates and superior in- and out-of-sample forecasts, which demonstrate that the determinants of failures differ from those of bailouts. Overall, we provide a mechanism for preventing welfare losses due to bank distress.
| Item Type: | Article |
|---|---|
| ISSN: | 0165-1765 |
| Uncontrolled Keywords: | financial crisis; bank distress; early warning model; forecasting power |
| Group: | Bournemouth University Business School |
| ID Code: | 30053 |
| Deposited By: | Symplectic RT2 |
| Deposited On: | 28 Nov 2017 14:56 |
| Last Modified: | 14 Mar 2022 14:08 |
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