This paper uses bank-level data and macroeconomic indicators to assess the following two questions: (1) Does the external environment influence the occurrence of failure of small banks? (2) In terms of goodness-of-fit, do macroeconomic indicators improve model performance? These issues are addressed for the Italian Cooperative Banks using an unbalanced panel model. The results show that local geographical variables do matter in the estimation of the probability of failure and that model performance improves after their introduction in the analysis.

Mare, D.S. (2010). Macroeconomic factors and small bank failures: the case of the italian cooperative banks.

Macroeconomic factors and small bank failures: the case of the italian cooperative banks

MARE, DAVIDE SALVATORE
2010-07-05

Abstract

This paper uses bank-level data and macroeconomic indicators to assess the following two questions: (1) Does the external environment influence the occurrence of failure of small banks? (2) In terms of goodness-of-fit, do macroeconomic indicators improve model performance? These issues are addressed for the Italian Cooperative Banks using an unbalanced panel model. The results show that local geographical variables do matter in the estimation of the probability of failure and that model performance improves after their introduction in the analysis.
A.A. 2009/2010
Banca e finanza
22.
Italian cooperative banks; macroeconomic variables; default probability; bank failures; panel binary response analysis
Settore SECS-P/11 - Economia degli Intermediari Finanziari
English
Tesi di dottorato
Mare, D.S. (2010). Macroeconomic factors and small bank failures: the case of the italian cooperative banks.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2108/1315
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