1.

Record Nr.

UNINA9910965824503321

Autore

Poghosyan Tigran

Titolo

Distress in European Banks : : An Analysis Basedon a New Dataset / / Tigran Poghosyan, Martin Cihak

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

9786612842313

9781462345694

1462345697

9781452793467

1452793468

9781451871562

1451871562

9781282842311

1282842315

Edizione

[1st ed.]

Descrizione fisica

1 online resource (39 p.)

Collana

IMF Working Papers

Altri autori (Persone)

CihakMartin

Disciplina

332.1068;332.10684

Soggetti

Banks and banking - European Union countries

Bank soundness

Bank supervision

Banking

Banks and Banking

Banks and banking

Banks

Capital and Ownership Structure

Crisis management

Depository Institutions

Distressed institutions

Early warning systems

Economic & financial crises & disasters

Finance

Finance: General

Financial crises

Financial Institutions and Services: General

Financial Institutions and Services: Government Policy and Regulation

Financial institutions

Financial regulation and supervision

Financial Risk and Risk Management

Financial Risk Management



Financial sector policy and analysis

Financial services industry

Financial services law & regulation

Financing Policy

General Financial Markets: Government Policy and Regulation

Goodwill

Industries: Financial Services

Loan loss provisions

Micro Finance Institutions

Mortgages

State supervision

Value of Firms

Europe Economic conditions

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Motivation; A. Early Warning Systems for Banking Soundness; B. Examples of Uses of the Early Warning Systems; III. Methodology and Data; A. Estimation Methodology; B. Data; Figures; 1. Overview of Distress Events by Year and by Country, 1995-2007; Tables; 1. Database Overview; 2. Determinants of Bank Distress; IV. Estimation Results; A. Baseline Estimate; B. Robustness Checks; 3. Logit Estimation Results; C. Prediction Results; 4. Type I and Type II Errors; 2. Banks at Risk; 3. Assets at Risk; D. Marginal Effects

4. Marginal Effects of Significant CAMEL Covariates5. Trade-off in the Impact on PD between Pairs of Significant CAMEL Covariates; V. Conclusion; Appendices; I. Early Warning Systems for Banking Supervision:; II. European Banking System; III. European Structured Early Intervention and Resolution; References

Sommario/riassunto

The global financial crisis has highlighted the importance of early identification of weak banks: when problems are identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures, which made the estimation of early warning models for bank supervision very difficult. This paper presents a unique database of individual bank distress across the European Union from mid-1990s to 2008. Using this data set, we analyze the causes of banking distress in Europe. We identify a set of indicators and thresholds that can help to distinguish sound banks from those vulnerable to financial distress.