Title: Bank failures in mature economies
Authors : Westernhagen, Natalja
Harada, Eiji
Nagata, Takahiro
Vale, Bent
Ayuso, Juan
Saurina, Jesús
Daltung, Sonia
Ziegler, Suzanne
Kent, Elizabeth
Reidhill, Jack
Peristiani, Stavros
Extent : 75
Publisher / Ed. Institution : BIS Bank for International Settlements
Publisher / Ed. Institution: Basel
Issue Date: 2004
License (according to publishing contract) : Licence according to publishing contract
Series : BIS Working Paper Series
Series volume: 13
Language : English
Subjects : Bankzusammenbruch; Bankenkrise
Subject (DDC) : 332.1: Banks
Abstract: This Basel Committee working paper studies bank failures in eight countries: Germany, Japan, Norway, Spain, Sweden, Switzerland, the United Kingdom and the U.S. It examines the reasons for the failures, how the failures were resolved, and what regulatory changes followed from the crisis. A good understanding of the reasons behind bank failures is crucial in developing a regulatory system that reduces the risk of future failures. While the paper focuses on why the banks failed, the other two issues provide interesting additional evidence. The way a crisis is resolved may have been anticipated by market participants and may thus have had an impact on the probability and severity of the crisis. The regulatory changes following a crisis are an indicator of what national authorities perceived as the underlying causes of the problems. The study is intended to be complementary to other studies. For example, an OECD study examined strategies for resolution of failure in a number of countries - whereas this study will mention how the crisis was resolved but will analyse in detail the underlying causes of failure and also examine changes in the legal and regulatory regimes that resulted from the crisis. The study will also help shed light on the frequency of failure by risk type, the type of shock that precipitated the crisis, and the impact of the event.
Departement: School of Management and Law
Organisational Unit: Institute of Wealth & Asset Management (IWA)
Publication type: Working Paper – Expertise – Study
ISSN: 1561-8854
URI: https://digitalcollection.zhaw.ch/handle/11475/15030
Appears in Collections:Publikationen School of Management and Law

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