Financial Crises and Bank Failures: A Review of Prediction Methods

34 Pages Posted: 22 Jun 2009 Last revised: 1 Nov 2010

See all articles by Yuliya Demyanyk

Yuliya Demyanyk

Federal Reserve Banks - Federal Reserve Bank of Cleveland

Iftekhar Hasan

Fordham University ; Bank of Finland; University of Sydney

Multiple version iconThere are 2 versions of this paper

Date Written: September 4, 2009

Abstract

In this article we provide a summary of empirical results obtained in several economics and operations research papers that attempt to explain, predict, or suggest remedies for financial crises or banking defaults; we also outline the methodologies used in them. We analyze financial and economic circumstances associated with the U.S. subprime mortgage crisis and the global financial turmoil that has led to severe crises in many countries. The intent of this article is to promote future empirical research for preventing bank failures and financial crises.

Keywords: subprime, financial crisis, mortgage, bank failure, operations research

JEL Classification: G01, G15, G21, C44, C45

Suggested Citation

Demyanyk, Yuliya and Hasan, Iftekhar, Financial Crises and Bank Failures: A Review of Prediction Methods (September 4, 2009). FRB of Cleveland Working Paper No. 09-04R, Available at SSRN: https://ssrn.com/abstract=1422708

Yuliya Demyanyk (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Cleveland

East 6th & Superior
Cleveland, OH 44101-1387
United States

Iftekhar Hasan

Fordham University ( email )

45 COLUMBUS AVENUE
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NEW YORK, NY 10023
United States

Bank of Finland ( email )

P.O. Box 160
Helsinki 00101
Finland

University of Sydney ( email )

P.O. Box H58
Sydney, NSW 2006
Australia

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