Arbeitspapier
Bank failures in banking panics: Risky banks or road kill?
Are banks that fail in banking panics the riskiest ones prior to the panics? The free banking era in the United States provides useful data to examine this question because the assets held by the banks were traded at the New York Stock Exchange. The authors estimate the ex ante riskiness of a bank’s portfolio by examining the portfolio relative to mean-variance frontiers and by examining the bank's leverage and notes relative to assets. The authors find that the ex ante riskiness of a bank’s portfolio helps predict which banks fail and the extent of noteholders’ losses in the event of failure.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2001-13
- Classification
-
Wirtschaft
- Subject
-
Risk
Debt
Bank supervision
Bank failures
- Event
-
Geistige Schöpfung
- (who)
-
Gerald P. Dwyer, Jr.
Hafer, R.W.
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of Atlanta
- (where)
-
Atlanta, GA
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Gerald P. Dwyer, Jr.
- Hafer, R.W.
- Federal Reserve Bank of Atlanta
Time of origin
- 2001
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