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Bank health post-crisis

K. Chousakos and G. Gorton

Financial Stability Review, 2017, issue 21, 55-67

Abstract: Economic growth is persistently low following a financial crisis, possibly because of a continuing weak banking system. In a financial crisis, bank health is significantly damaged. Post-crisis regulatory changes have aimed at restoring bank health, but measuring bank health by Tobin’s Q, we find that the ill health of banks in the recent US financial crisis and the Euro crisis has persisted, especially compared to other crises in advanced economies. The low bank Q’s cannot be explained by the state of the macroeconomy. The results seem to suggest that bank regulatory changes may be repressive.

Date: 2017
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