06170oam 22013814 450 991078835020332120230721045624.01-4623-4569-71-4527-9346-81-4518-7156-21-282-84231-59786612842313(CKB)3170000000055171(EBL)1608124(SSID)ssj0000940125(PQKBManifestationID)11518058(PQKBTitleCode)TC0000940125(PQKBWorkID)10948366(PQKB)10125098(OCoLC)467921276(MiAaPQ)EBC1608124(IMF)WPIEE2009009(EXLCZ)99317000000005517120020129d2009 uf 0engur|n|---|||||txtccrDistress in European Banks : An Analysis Basedon a New Dataset /Tigran Poghosyan, Martin CihakWashington, D.C. :International Monetary Fund,2009.1 online resource (39 p.)IMF Working PapersDescription based upon print version of record.1-4519-1592-6 Includes bibliographical references.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 Effects4. 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; ReferencesThe 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.IMF Working Papers; Working Paper ;No. 2009/009Banks and bankingEuropean Union countriesBanks and BankingimfFinance: GeneralimfFinancial Risk ManagementimfIndustries: Financial ServicesimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinancial Institutions and Services: Government Policy and RegulationimfFinancing PolicyimfFinancial Risk and Risk ManagementimfCapital and Ownership StructureimfValue of FirmsimfGoodwillimfFinancial Institutions and Services: GeneralimfGeneral Financial Markets: Government Policy and RegulationimfBankingimfEconomic & financial crises & disastersimfFinanceimfFinancial services law & regulationimfEarly warning systemsimfDistressed institutionsimfLoan loss provisionsimfBank soundnessimfFinancial crisesimfFinancial institutionsimfFinancial regulation and supervisionimfBank supervisionimfFinancial sector policy and analysisimfBanks and bankingimfCrisis managementimfFinancial services industryimfState supervisionimfEuropeEconomic conditionsUnited StatesimfBanks and bankingBanks and BankingFinance: GeneralFinancial Risk ManagementIndustries: Financial ServicesBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinancial Institutions and Services: Government Policy and RegulationFinancing PolicyFinancial Risk and Risk ManagementCapital and Ownership StructureValue of FirmsGoodwillFinancial Institutions and Services: GeneralGeneral Financial Markets: Government Policy and RegulationBankingEconomic & financial crises & disastersFinanceFinancial services law & regulationEarly warning systemsDistressed institutionsLoan loss provisionsBank soundnessFinancial crisesFinancial institutionsFinancial regulation and supervisionBank supervisionFinancial sector policy and analysisBanks and bankingCrisis managementFinancial services industryState supervisionPoghosyan Tigran1476622Cihak Martin1106217International Monetary Fund.DcWaIMFBOOK9910788350203321Distress in European Banks3712981UNINA