The DOI matches its Crossref record.
The Losses Realized in Bank Failures
Abstract
This paper examines the losses realized in bank failures. Losses are measured as the difference between the book value of assets and the recovery value net of the direct expenses associated with the failure. I find the loss on assets is substantial, averaging 30 percent of the failed bank's assets. Direct expenses associated with bank closures average 10 percent of assets. An empirical analysis of the determinants of these losses reveals a significant difference in the value of assets retained by the FDIC and similar assets assumed by acquiring banks.
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Citations
Cited by
Contagion in financial networks
Gai, P., & Kapadia, S. (2010) · Proceedings of the Royal Society A: Mathematical, Physical and Engineering Sciences · doi:10.1098/rspa.2009.0410 · Cited by 1,163
Metadata
- Authors
- JAMES, C.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 1991-09
- Volume
- 46
- Issue
- 4
- Pages
- 1223-1242
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2039402106
- Cited by
- 413
- References
- 0
- FWCI
- 11.36
- Type
- journal article
- Language
- en
- Open access
- closed
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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.
