Working Paper
Financial Crises and Bank Failures: A Review of Prediction Methods
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.
Suggested Citation
Demyanyk, Yuliya, and Iftekhar Hasan. 2009. “Financial Crises and Bank Failures: A Review of Prediction Methods.” Federal Reserve Bank of Cleveland, Working Paper No. 09-04R. https://doi.org/10.26509/frbc-wp-200904R
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