Bank Health Post-Crisis

Kyriakos T. Chousakos and Gary Gorton

No 23167, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Economic growth is persistently low following a financial crisis, possibly because of a continuing weal 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 U.S. financial crisis and the Euro crisis has persisted, especially compared to other crises in advanced economies. The low Q's cannot be explained by the state of the macro-economy. The results seem to suggest that bank regulatory changes may be repressive.

JEL-codes: E32 E44 G01 G2 G21 (search for similar items in EconPapers)
Date: 2017-02
New Economics Papers: this item is included in nep-ban and nep-mac
Note: CF EFG ME
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