Slippery slopes of stress : ordered failure Thomas Kick events in German banking

@inproceedings{Kick2007SlipperySO,
  title={Slippery slopes of stress : ordered failure Thomas Kick events in German banking},
  author={Thomas Kick and M. Koetter},
  year={2007}
}
Outright bank failures without prior indication of nancial instability are very rare. Supervisory authorities monitor banks constantly. Thus, they usually obtain early warning signals that precede ultimate failure and, in fact, banks can be regarded as troubled to varying degrees before outright closure. But to our knowledge virtually all studies that predict bank failures neglect the ordinal nature of bank distress. Exploiting the distress database of the Deutsche Bundesbank we distinguish… CONTINUE READING
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