Broken Bank Notes Message Board

Forum for Obsolete Currency Discussions
It is currently Fri Dec 15, 2017 11:50 am

All times are UTC - 6 hours




Post new topic Reply to topic  [ 1 post ] 
Author Message
PostPosted: Mon Feb 19, 2007 12:15 pm 
Offline
Site Admin
User avatar

Joined: Fri Jan 19, 2007 11:11 pm
Posts: 1094
Full Title: Bank Failures in Banking Panics: Risky Banks or Road Kill?
Authors: Gerald P. Dwyer Jr. and R.W. Hafer
Published: 2001
Publisher: Federal Reserve bank of Atlanta
35 Pages
192 KB


Abstract:
Are banks that fail in banking panics the riskiest ones prior to the panics? The free banking era in the United States provides useful data to examine this question because the assets held by the banks were traded at the New York Stock Exchange. The authors estimate the ex ante riskiness of a bank’s portfolio by examining the portfolio relative to mean-variance frontiers and by examining the bank’s leverage and notes relative to assets. The authors find that the ex ante riskiness of a bank’s portfolio helps predict which banks fail and the extent of noteholders’ losses in the event of failure.


Top
 Profile Send private message  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 6 hours


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group