Research Discussion Papers, Bank of Finland
No 35/2009:
Financial crises and bank failures: a review of prediction methods
Yuliya Demyanyk ()
and Iftekhar Hasan ()
Abstract: In this article we provide a summary of empirical results
obtained in several economics and operations research papers that attempt
to explain, predict, or suggest remedies for financial crises or banking
defaults, as well as outlines of the methodologies used. We analyze
financial and economic circumstances associated with the US subprime
mortgage crisis and the global financial turmoil that has led to severe
crises in many countries. The intent of the article is to promote future
empirical research that might help to prevent bank failures and financial
crises.
Keywords: financial crises; banking failures; operations research; early warning methods; leading indicators; subprime markets; (follow links to similar papers)
JEL-Codes: C44; C45; C53; G01; G21; (follow links to similar papers)
35 pages, December 1, 2009
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