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FDIC Center for Financial Research Working Paper No. 2005-03. Are the Causes of Bank Distress Changing. Can Researchers Keep Up

机译:FDIC金融研究中心第2005-03号工作文件。银行遇险的原因是否发生变化。研究人员能否继续保持这种状况

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Since 1990, the banking sector has experienced enormous legislative, technological, and financial change, yet research into the causes of bank distress has slowed. One consequence is that current supervisory surveillance models may no longer accurately represent the banking environment. After reviewing the history of these models, we provide empirical evidence that the characteristics of failing banks have changed in the last ten years and argue that the time is ripe for new research using new empirical techniques. In particular, dynamic models that use forward-looking variables and address various types of bank risk individually are promising lines of inquiry. Supervisory agencies have begun to move in these directions, and we describe several examples of this new generation of early-warning models that are not yet widely known among academic banking economists.

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