Regression evidence of safety-net support in Canada and the U.S., 1893–1992

Autor:	Edward J. Kane, Berry K. Wilson
Rok vydání:	2002
Předmět:	Macroeconomics Economics and Econometrics Financial economics Capital (economics) Safety net Credibility Value (economics) Economics Bank regulation Stock market Deposit insurance Finance Test (assessment)
Zdroj:	The Quarterly Review of Economics and Finance. 42:649-671
ISSN:	1062-9769
DOI:	10.1016/s1062-9769(02)00119-9
Popis:	Using annual deviations between the stock market and accounting valuations of major banks, this paper constructs synthetic century-long time series for the intangible safety-net capital generated by reporting and supervisory policies in Canada and the U.S. The credibility of the modeling exercise that produces these synthetic time series is supported by evidence that, in each country, all sustained surges in the value of estimated safety-net capital correlate in appropriate ways with regulatory events and crisis pressures. We invite others to test the qualitative usefulness of our framework by applying the method to data from other countries.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::06cf7b584c1afdc725489fea8aea2e61 https://doi.org/10.1016/s1062-9769(02)00119-9 Zobrazit plný text záznamu Full Text from ScienceDirect