Journal
JOURNAL OF BANKING & FINANCE
Volume 32, Issue 2, Pages 299-310Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.jbankfin.2007.03.011
Keywords
bank failures; bank fundamentals; banking sector resilience
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This paper uses bank-level data from recent banking crises in East Asia and Latin America to address the following two questions: (1) To what extent did individual bank conditions explain the failures? (2) In terms of their fundamentals, was it mainly the weak banks ex ante that failed in the crisis countries? The results show that for the two regions, bank-level fundamentals significantly affect the likelihood of collapse for these banks. Systemic shocks (both macroeconomic and liquidity) that triggered the crises mainly destabilized the weak banks ex ante, particularly in East Asia, which raises questions about the role that regional differences play for the degree of banking sector resilience to systemic shocks in the financial and macroeconomic environment. (c) 2007 Elsevier B.V. All rights reserved.
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