The paper is aimed at refining the empirical understanding over the forces that set the stage for an oncoming systemic banking default and the ability of the logistic binomial model to correctly predict these events. This goal is achieved though several exercises that have the merit of corroborating the existence of a specific post-crisis bias, wich if not treated is due to undermine the efficaci of the model, and to shed a brighter light on the relationship that binds the quality of the binomial logit framework, as EWS, and the duration of the crises included in the tested sample

Early Warning Systems for systemic banking crises: an empirical analysis

Costa, Nicola
2016/2017

Abstract

The paper is aimed at refining the empirical understanding over the forces that set the stage for an oncoming systemic banking default and the ability of the logistic binomial model to correctly predict these events. This goal is achieved though several exercises that have the merit of corroborating the existence of a specific post-crisis bias, wich if not treated is due to undermine the efficaci of the model, and to shed a brighter light on the relationship that binds the quality of the binomial logit framework, as EWS, and the duration of the crises included in the tested sample
2016
84
banking
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.12608/24899