Recovery Determinants of Distressed Banks: Regulators, Market Discipline, or the Environment?
Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures affect the likelihood and the timing of bank recovery. Severe regulatory measures increase both the likelihood of recovery and its duration while weak measures are insignificant. With...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 10/27 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures affect the likelihood and the timing of bank recovery. Severe regulatory measures increase both the likelihood of recovery and its duration while weak measures are insignificant. With the benefit of hindsight, we exclude banks that eventually exit the market due to restructuring mergers. Our results remain intact, thus providing no evidence of ""bad"" bank selection for intervention purposes on the side of regulators. More transparent publication requirements of public incorporation that indicate more exposure to market discipline are barely or not at all significant. Increasing earnings and cleaning credit portfolios are consistently of importance to increase recovery likelihood, whereas earnings growth accelerates the timing of recovery. Macroeconomic conditions also matter for bank recovery. Hence, concerted micro- and macro-prudential policies are key to facilitate distressed bank recovery |
| Beschreibung: | 1 Online-Ressource (29 p) |
| ISBN: | 1451962495 9781451962499 |
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| index_date | 2024-07-03T20:13:30Z |
| indexdate | 2024-07-10T09:35:39Z |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Koetter, Michael Verfasser aut Recovery Determinants of Distressed Banks Regulators, Market Discipline, or the Environment? Koetter, Michael Washington, D.C International Monetary Fund 2010 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/27 Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures affect the likelihood and the timing of bank recovery. Severe regulatory measures increase both the likelihood of recovery and its duration while weak measures are insignificant. With the benefit of hindsight, we exclude banks that eventually exit the market due to restructuring mergers. Our results remain intact, thus providing no evidence of ""bad"" bank selection for intervention purposes on the side of regulators. More transparent publication requirements of public incorporation that indicate more exposure to market discipline are barely or not at all significant. Increasing earnings and cleaning credit portfolios are consistently of importance to increase recovery likelihood, whereas earnings growth accelerates the timing of recovery. Macroeconomic conditions also matter for bank recovery. Hence, concerted micro- and macro-prudential policies are key to facilitate distressed bank recovery Online-Ausg Kick, Thomas Sonstige oth Poghosyan, Tigran Sonstige oth http://elibrary.imf.org/view/IMF001/10636-9781451962499/10636-9781451962499/10636-9781451962499.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Koetter, Michael Recovery Determinants of Distressed Banks Regulators, Market Discipline, or the Environment? |
| title | Recovery Determinants of Distressed Banks Regulators, Market Discipline, or the Environment? |
| title_auth | Recovery Determinants of Distressed Banks Regulators, Market Discipline, or the Environment? |
| title_exact_search | Recovery Determinants of Distressed Banks Regulators, Market Discipline, or the Environment? |
| title_exact_search_txtP | Recovery Determinants of Distressed Banks Regulators, Market Discipline, or the Environment? |
| title_full | Recovery Determinants of Distressed Banks Regulators, Market Discipline, or the Environment? Koetter, Michael |
| title_fullStr | Recovery Determinants of Distressed Banks Regulators, Market Discipline, or the Environment? Koetter, Michael |
| title_full_unstemmed | Recovery Determinants of Distressed Banks Regulators, Market Discipline, or the Environment? Koetter, Michael |
| title_short | Recovery Determinants of Distressed Banks |
| title_sort | recovery determinants of distressed banks regulators market discipline or the environment |
| title_sub | Regulators, Market Discipline, or the Environment? |
| url | http://elibrary.imf.org/view/IMF001/10636-9781451962499/10636-9781451962499/10636-9781451962499.xml |
| work_keys_str_mv | AT koettermichael recoverydeterminantsofdistressedbanksregulatorsmarketdisciplineortheenvironment AT kickthomas recoverydeterminantsofdistressedbanksregulatorsmarketdisciplineortheenvironment AT poghosyantigran recoverydeterminantsofdistressedbanksregulatorsmarketdisciplineortheenvironment |