Financial crises and bank failures: a review of prediction methods

Yuliya Demyanyk and Iftekhar Hasan

No 904, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: In this article we analyze financial and economic circumstances associated with the U.S. subprime mortgage crisis and the global financial turmoil that has led to severe crises in many countries. We suggest that the level of cross-border holdings of long-term securities between the United States and the rest of the world may indicate a direct link between the turmoil in the securitized market originated in the United States and that in other countries. We provide a summary of empirical results obtained in several Economics and Operations Research papers that attempt to explain, predict, or suggest remedies for financial crises or banking defaults; we also extensively outline the methodologies used in them. The intent of this article is to promote future empirical research for preventing financial crises.

Keywords: Subprime mortgage; Financial crises (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-ban, nep-fmk, nep-his and nep-ure
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Citations: View citations in EconPapers (15)

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Journal Article: Financial crises and bank failures: A review of prediction methods (2010)
Working Paper: Financial crises and bank failures: a review of prediction methods (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:0904

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DOI: 10.26509/frbc-wp-200904

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