The Outbreak of the Russian Banking Crisis

Jarko Fidrmuc and Philipp Johann Süß

Discussion Papers in Economics from University of Munich, Department of Economics

Abstract: Russian banks have been strongly influenced by the worldwide financial crisis which started in the second half of 2008. This was caused by a combination of domestic, regional and international factors. We estimate an early warning model for the Russian crisis. We identified 47 Russian banks which failed after September 2008. Using the Bankscope data set, we show that balance sheet indicators were informative about possible failures of these banks as early as 2006. The early predictive indicators include especially equity, net interest revenues, return on average equity, net loans, and loan loss reserves.

Keywords: Banking and financial crisis; early warning models; Russia; Logit. (search for similar items in EconPapers)
JEL-codes: C25 G21 G33 (search for similar items in EconPapers)
Date: 2009-09-17
New Economics Papers: this item is included in nep-ban, nep-cis and nep-fmk
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: The Outbreak of the Russian Banking Crisis (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenec:10996

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