Explaining bank distress in Eastern European transition economies

Journal of Banking and Finance

Volumn 33, Issue 2, 2009, Pages 244-253

  Männasoo, Kadri ^a   Mayes, David G ^b  

^a UNIVERSITY OF TARTU   (Estonia)

^b UNIVERSITY OF AUCKLAND   (New Zealand)

Author keywords

Banks; Distress; Survival; Transition

Indexed keywords

EID: 56749175095     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2008.07.016     Document Type: Article

References (32)

1. Arena, M., 2005. Bank failures and bank fundamentals: a comparative analysis of Latin America and East Asia during the nineties using bank-level data. Bank of Canada Working Paper 2005-19.
2. Beck T., Demirgüc-Kunt A., and Levine R. Bank concentration, competition and crises: first results. Journal of Banking and Finance 30 5 (2006) 1581-1603
3. Bongini, P., Claessens, S., Ferri, G., 2000. The political economy of distress in East Asian financial institutions. World Bank Policy Research Working Paper 2265.
4. Calomiris, C., Mason, J.R., 2000. Causes of US bank distress during the depression. NBER Working Paper 7919.
5. Caprio G., and Klingebiel D. Bank insolvency: bad luck, bad policy, or bad banking?. Annual World Bank Conference on Development Economics (1996)
6. Caprio G., and Klingebiel D. Episodes of systemic and borderline financial crises (2003), World Bank
7. Cole R.A., and Gunther J.W. Separating the likelihood and timing of bank failure. Journal of Banking and Finance 19 (1995) 1073-1089
8. Cox D.R. Regression models and life tables. Journal of the Royal Statistical Society Series B 34 (1972) 187-220
9. Dabos M., and Escudero W.S. Explaining and predicting market failure using duration models: the case of Argentina after the Mexican Crisis. Revista de Análisis Económico 19 1 (2004) 31-49
10. Demirgüc-Kunt, A., Detragiache, E., 1999. Monitoring banking sector fragility: a multivariate logit approach with an application to the 1996-1997 banking crises. World Bank Policy Research Working Paper 2085.
11. Demirgüc-Kunt, A., Detragiache, E., 1998. Financial liberalization and financial fragility', IMF Working Paper 98/83.
12. De Young, R., Hasan, I., Hunter, W.C., 1999. The determinants of de novo bank survival. Working Paper 99/66, Stern School, New York University.
13. EBRD: Transition Report, 1998-2005.
14. Estrella, A., Park, S., Peristiani, S., 2000. Capital ratios as predictors of bank failure. Federal Reserve Bank of New York Economic Policy Review July, 33-52.
15. Gonzalez-Hermosillo, B., 1999. Determinants of ex-ante banking system distress: A macro-micro empirical exploration of some recent episodes', IMF Working Paper 99/33.
16. Gonzales-Hermosillo B., Pazarbasioglu C., and Billings R. Determinants of banking system fragility: a case study of Mexico. IMF Staff Papers 44 3 (1997) 295-315
17. Guo G. Event-history analysis for left-truncated data. Sociological Methodology 23 (1993) 217-243
18. Hardy, D.C., Pazarbasioglu, C., 1998. Leading indicators of banking crises: was Asia different?. IMF Working Paper 98/91.
19. Henebry K.L. A test of the temporal stability of proportional hazards models for predicting bank failure. Journal of Financial and Strategic Decisions 10 3 (1997) 1-11
20. Hutchison, M., Mc-Dill, K., 1999. Are all banking crises alike? The Japanese experience in international comparison, NBER Working Paper No. 7253.
21. Kiefer N.M. Economic duration data and hazard functions. Journal of Economic Literature XXVI June (1988) 646-679
22. Lane W.R., Looney S.W., and Wansley J.W. An application of the Cox proportional hazards model to bank failure. Journal of Banking and Finance 10 4 (1986) 511-531
23. Lindgren, C-J., Garcia, G., Saal, M.I., 1996. Bank soundness and macroeconomic policy. International Monetary Fund, Washington, D.C.
24. Mayes D.G., Halme L., and Liuksila A. Improving Banking Supervision (2001), Palgrave, Basingstoke
25. Qualiariello, M., 2005. Are macroeconomic indicators useful in predicting bank loan quality? Evidence from Italy. Mimeo, Banca d'Italia.
26. Rojas-Suarez, L., 1998. Early warning indicators of banking crises: What works for developing countries? Inter-American Development Bank.
27. Rojas-Suarez, L., 2001. Rating banks in emerging markets: What credit rating agencies should learn from financial indicators. Working Paper WP01-6, Institute for International Economics, Washington D.C.
28. Sundararajan, V., Enoch, C., San José, A., Hilbers, P., Krueger, R., Moretti, M., Slack, G., 2002. Financial soundness indicators: analytical aspects and country practices. IMF Occasional Paper 212.
29. Thompson J.B. Predicting bank failures in the 1980s. Federal Reserve Bank of Cleveland Economic Review 27 1 (1991) 9-20
30. Whalen G. A proportional hazards model of bank failure: an examination of its usefulness as an early warning tool. Federal Reserve Bank of Cleveland Economic Review 27 1 (1991) 21-31
31. Wheelock D.C., and Wilson P.W. Why do banks disappear: the determinants of US bank failures and acquisitions. Review of Economics and Statistics 82 1 (2000) 127-138
32. Worrell, D., 2004. Quantitative assessment of the financial sector: An integrated approach. IMF Working Paper 04/153.