kaal:claim:2273857-024

Bank crises share four core common elements: an exogenous shock, a favorable response to that shock, the dissipation of favorable conditions, and a systemic rise in bank failures.

Source quote, verbatim

The common characteristics include the following core elements: (i) an exogenous shock, (ii) a favorable response to the exogenous shock, (iii) favorable conditions dissipate, and (iv) a systemic rise in bank failures.

From

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), II.1 Common Denominators of Financial Crises, p. 13
https://ssrn.com/abstract=2273857 · source PDF

Cite as

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

Holds when

banking crises generally

Classification

definitionalsupport: evidencedsystemic-risk

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