Too-Big-To-Fail: Bank Failure and Banking Policy in Jamaica

J Daley, Kent Matthews and Keith Whitfield ()
Additional contact information
Keith Whitfield: Cardiff Business School, http://business.cardiff.ac.uk/people/staff/keith-whitfield

No E2006/4, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

Abstract: Research on the causes of bank failure has focused on developed countries, particularly the United States of America. Relatively little empirical work has examined developing countries. We examine the total population of banks in Jamaica between 1992 and 1998 and find that real GDP growth, size, and managerial efficiency were the most significant factors contributing to the failure of banks. Bank failure is defined to include bailout and regulator-induced or supervised merger. Our results suggest that there were implicit 'Too-big-to-Fail' policies during this period.

Keywords: Bank failures; Too-big-to-Fail; developing economies; Jamaica (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2006-01
New Economics Papers: this item is included in nep-fin and nep-fmk
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Too-big-to-fail: Bank failure and banking policy in Jamaica (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:cdf:wpaper:2006/4

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