The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Too Many to Fail? Evidence of Regulatory Forbearance When the Banking Sector Is Weak
Open accessAbstract
This article studies bank failures in twenty-one emerging market countries in the 1990s. By using a competing risk hazard model for bank survival, we show that a government is less likely to take over or close a failing bank if the banking system is weak. This Too-Many-to-Fail effect is robust to controlling for macroeconomic factors, financial crises, the Too-Big-to-Fail effect, domestic financial development, and concerns due to systemic risk and information spillovers. The article also shows that the Too-Many-to-Fail effect is stronger for larger banks and when there is a large government budget deficit.
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Citations
Cites
The value of bank durability: Borrowers as bank stakeholders
SLOVIN, M. B., SUSHKA, M. E., & POLONCHEK, J. A. (1993) · The Journal of Finance · doi:10.1111/j.1540-6261.1993.tb04708.x · Cited by 418
Cited by
Bank competition and stability: Cross-country heterogeneity
Beck, T., De Jonghe, O., & Schepens, G. (2013) · Journal of Financial Intermediation · doi:10.1016/j.jfi.2012.07.001 · Cited by 1,021
A Survey of Systemic Risk Analytics
Bisias, D., Flood, M., Lo, A. W., & Valavanis, S. (2012) · Annual Review of Financial Economics · doi:10.1146/annurev-financial-110311-101754 · Cited by 659
Safer ratios, riskier portfolios: Banks׳ response to government aid
Duchin, R., & Sosyura, D. (2014) · Journal of Financial Economics · doi:10.1016/j.jfineco.2014.03.005 · Cited by 459
Competition and financial stability in European cooperative banks
Fiordelisi, F., & Mare, D. S. (2014) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2014.02.008 · Cited by 332
A Survey of Systemic Risk Analytics
Bisias, D., Flood, M. D., Lo, A. W., & Valavanis, S. (2012) · SSRN Electronic Journal · doi:10.2139/ssrn.1983602 · Cited by 331
Metadata
- Authors
- Brown, C. O., & Dinç, I. S.
- Venue
- Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2009-05-27
- Volume
- 24
- Issue
- 4
- Pages
- 1378-1405
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W2041414737
- Cited by
- 390
- References
- 1
- FWCI
- 34.17
- Type
- journal article
- Language
- en
- Open access
- green
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- Brown, C. O., & Dinç, I. S. (2011). Too Many to Fail? Evidence of Regulatory Forbearance When the Banking Sector Is Weak. Review of Financial Studies. https://doi.org/10.1093/rfs/hhp039
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
