Financial crises and bank failures: A review of prediction methods
Review articleOpen access
2010/10/01 Full-length article DOI: 10.1016/j.omega.2009.09.007
AbstractIn 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 US 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.
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