The Term Structure of Interest Rates and the Swiss Regional Bank Crisis - Empirical Evidence and its Limits
Swiss Journal of Economics and Statistics (SJES), 1998, vol. 134, issue IV, 655-684
This paper provides evidence that it is problematic to provide evidence concerning the link between the term structure of interest rates and banking problems in the regional bank sector in Switzerland. In a setting of micro-level panel data it is documented that there is generally a lack of robustness in the sense that correlation as well as significance results depend crucially on modelling assumptions. Whether the crisis in the Swiss regional bank sector in the early nineties can be seen as a consequence of the term structure inversion remains an open question.
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ses:arsjes:1998-iv-19
Access Statistics for this article
Swiss Journal of Economics and Statistics (SJES) is currently edited by Rafael Lalive
More articles in Swiss Journal of Economics and Statistics (SJES) from Swiss Society of Economics and Statistics (SSES) Contact information at EDIRC.
Series data maintained by Peter Steiner ().