Journal Article
The role of relative performance in bank closure decisions
Kasa, Kenneth; Spiegel, Mark M. (2008)
This paper studies a banking industry subject to common and idiosyncratic shocks. We compare two types of regulatory closure rules: (1) an absolute closure rule, which closes banks when their assetliability ratios fall below a given threshold, and (2) a relative closure rule, which closes banks when their assetliability ratios fall sufficiently below the industry average. There are two main results: First, relative closure rules imply forbearance during bad times, defined as adverse realizations of the common shock. This forbearance occurs for incentive reasons, not because of ...
Economic Review

Conference Paper
Moral hazard, equity issuance and recoveries of undercapitalized banks
Spivey, Michael F.; Dahl, Drew (1991)
Proceedings , Paper 323

Journal Article
Problem banks: their characteristics and possible causes of deterioration
Duwe, Richard; Harvey, James (1988)
Special issue on problem banks
Financial Industry Perspectives

Journal Article
Early warning systems
Levonian, Mark E. (1990)
FRBSF Economic Letter

Conference Paper
Supervision of undercapitalized banks: is there a case for change?
Gilbert, R. Alton (1991)
Proceedings , Paper 324

Conference Paper
Problem banks: the Phoenix factors
Huyser, Daniel (1987)
Proceedings , Paper 167

Conference Paper
Discussant comments on regulatory intervention
Gilbert, R. Alton (1992)
Proceedings , Paper 352

Journal Article
A note of caution on early bank closure
Levonian, Mark E. (1992)
FRBSF Economic Letter

Conference Paper
Banking risk and the investor
Keefe, Harry W. (1986)
Proceedings , Paper 111

Journal Article
Assistance for problem banks
Spong, Kenneth (1988)
Special issue on problem banks
Financial Industry Perspectives