History of the World Largest Financial Losses in 1972-2018

Henry Penikas and Mikhail A. Surkov
Additional contact information
Mikhail A. Surkov: International Laboratory of Decision Choice and Analysis, National Research University Higher School of Economics.

No 166, DEM Working Papers Series from University of Pavia, Department of Economics and Management

Abstract: Deregulation is often claimed to be the cause for financial distress. Thus it has to lead to financial defaults and losses. However, exact dependence is not clear. To verify it we tried to investigate the roots of world largest financial losses. As we found no source to extensively and completely cover those, we decided to prepare a data set of our own. By choosing a round threshold of USD 100m equivalent of loss amount as of announcement date, we arrived at the set of 117 defaults with total loss of USD 914bn in 46 years. Our key purpose is to make comprehend data set of largest losses.

Keywords: Bankruptcy; bank default; failure; loss-to-assets; risk; market risk (search for similar items in EconPapers)
JEL-codes: G10 G20 G21 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2018-10
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://dem-web.unipv.it/web/docs/dipeco/quad/ps/RePEc/pav/demwpp/DEMWP0166.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pav:demwpp:demwp0166

Access Statistics for this paper

More papers in DEM Working Papers Series from University of Pavia, Department of Economics and Management Contact information at EDIRC.
Bibliographic data for series maintained by Alice Albonico ( this e-mail address is bad, please contact ).