Financial Crises and Bank Failures: A Review of Prediction Methods
Yuliya S. Demyanyk
Federal Reserve Bank of Cleveland
Fordham University; Bank of Finland
December 1, 2009
Bank of Finland Research Discussion Paper No. 35/2009
In this article we provide a summary of empirical results obtained in several economics and operations research papers that attempt to explain, predict, or suggest remedies for financial crises or banking defaults, as well as outlines of the methodologies used. We analyze financial and economic circumstances associated with the US subprime mortgage crisis and the global financial turmoil that has led to severe crises in many countries. The intent of the article is to promote future empirical research that might help to prevent bank failures and financial crises.
Number of Pages in PDF File: 37
Keywords: financial crises, banking failures, operations research, early warning methods, leading indicators, subprime markets
JEL Classification: C44, C45, C53, G01, G21working papers series
Date posted: December 6, 2009
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