LEADER 06424oam 22014894 450 001 9910965824503321 005 20250426110856.0 010 $a9786612842313 010 $a9781462345694 010 $a1462345697 010 $a9781452793467 010 $a1452793468 010 $a9781451871562 010 $a1451871562 010 $a9781282842311 010 $a1282842315 035 $a(CKB)3170000000055171 035 $a(EBL)1608124 035 $a(SSID)ssj0000940125 035 $a(PQKBManifestationID)11518058 035 $a(PQKBTitleCode)TC0000940125 035 $a(PQKBWorkID)10948366 035 $a(PQKB)10125098 035 $a(OCoLC)467921276 035 $a(IMF)WPIEE2009009 035 $a(MiAaPQ)EBC1608124 035 $a(IMF)WPIEA2009009 035 $aWPIEA2009009 035 $a(EXLCZ)993170000000055171 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDistress in European Banks : $eAn Analysis Basedon a New Dataset /$fTigran Poghosyan, Martin Cihak 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (39 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781451915921 311 08$a1451915926 320 $aIncludes bibliographical references. 327 $aContents; 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 327 $a4. 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 330 3 $aThe global financial crisis has highlighted the importance of early identification of weak banks: when problems are identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures, which made the estimation of early warning models for bank supervision very difficult. This paper presents a unique database of individual bank distress across the European Union from mid-1990s to 2008. Using this data set, we analyze the causes of banking distress in Europe. We identify a set of indicators and thresholds that can help to distinguish sound banks from those vulnerable to financial distress. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/009 606 $aBanks and banking$zEuropean Union countries 606 $aBank soundness$2imf 606 $aBank supervision$2imf 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aBanks$2imf 606 $aCapital and Ownership Structure$2imf 606 $aCrisis management$2imf 606 $aDepository Institutions$2imf 606 $aDistressed institutions$2imf 606 $aEarly warning systems$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aFinance$2imf 606 $aFinance: General$2imf 606 $aFinancial crises$2imf 606 $aFinancial Institutions and Services: General$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aFinancial institutions$2imf 606 $aFinancial regulation and supervision$2imf 606 $aFinancial Risk and Risk Management$2imf 606 $aFinancial Risk Management$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aFinancial services industry$2imf 606 $aFinancial services law & regulation$2imf 606 $aFinancing Policy$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aGoodwill$2imf 606 $aIndustries: Financial Services$2imf 606 $aLoan loss provisions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aState supervision$2imf 606 $aValue of Firms$2imf 607 $aEurope$xEconomic conditions 607 $aUnited States$2imf 615 0$aBanks and banking 615 7$aBank soundness 615 7$aBank supervision 615 7$aBanking 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aBanks 615 7$aCapital and Ownership Structure 615 7$aCrisis management 615 7$aDepository Institutions 615 7$aDistressed institutions 615 7$aEarly warning systems 615 7$aEconomic & financial crises & disasters 615 7$aFinance 615 7$aFinance: General 615 7$aFinancial crises 615 7$aFinancial Institutions and Services: General 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aFinancial institutions 615 7$aFinancial regulation and supervision 615 7$aFinancial Risk and Risk Management 615 7$aFinancial Risk Management 615 7$aFinancial sector policy and analysis 615 7$aFinancial services industry 615 7$aFinancial services law & regulation 615 7$aFinancing Policy 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aGoodwill 615 7$aIndustries: Financial Services 615 7$aLoan loss provisions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aState supervision 615 7$aValue of Firms 676 $a332.1068;332.10684 700 $aPoghosyan$b Tigran$01815823 701 $aCihak$b Martin$01106217 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910965824503321 996 $aDistress in European Banks$94371670 997 $aUNINA