Intra-Industry Effects of the Ten Largest United States Bank Failures: Evidence from the Capital Markets
Description:
This study examines the differential effect of each of the ten largest bank failures on shareholders' wealth of non-failed banks over the period from 1973 through 1984. It examines how contagion and information effects of major bank failures have changed over time.
FDIC policy for settling failures has important implications for system stability, and has changed over time. This study's purpose is to provide empirical evidence on the effects of FDIC policy. The FDIC's handling of the Penn Square…
more
Date:
December 1987
Creator:
Choi, In Suk