haku: @indexterm bank failures / yhteensä: 74
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Tekijä: | Aharony, J. Swary, I. |
Otsikko: | Additional evidence on the information-based contagion effects of bank failures |
Lehti: | Journal of Banking and Finance
1996 : JAN, VOL. 20:1, p. 57-70 |
Asiasana: | FINANCE BANK FAILURES INFORMATION |
Kieli: | eng |
Tiivistelmä: | Recent theoretical models addressed the question of the nature of bank runs and what triggers them. Two competing hypotheses emerged: pure panic and information-based contagion. This study provides additional evidence consistent with the latter hypothesis. Three observable bank characteristics are examined as proxy measures for the interim private information used by rational depositors in assessing the riskiness of a bank's long-lived assets that may trigger bank runs. The analysis is conducted in the context of the five large bank failures that occurred in the Southwest region of the US during the mid-1980s. |
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