Resolving Bank Failures and Institutions: Is there a Link? Some Empirical Evidence

Resolving Bank Failures and Institutions: Is there a Link? Some Empirical Evidence
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Volume/Issue: Volume 2021 Issue 211
Publication date: August 2021
ISBN: 9781513594378
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Topics covered in this book

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Banks and Banking , Finance , Economics- Macroeconomics , Economics / General , feedback effect , times authorities , government efficiency , supervisory authority , review authorities , bank insolvency proceeding , CB independence , Banking crises , Distressed institutions , Central bank autonomy , Financial sector stability , South America , Global

Summary

Policymakers across countries have been seeking to strengthen the institutional framework to control fiscal costs and feedback effects to the real economy generated by bank failures. On a cross-section of countries, we find evidence that suggests that bank supervisors’ intervention in bank failures may be positively associated with some aspects of the administrative and regulatory framework. Our results appear to hold also during times of financial instability. Finally, we find some evidence that the same institutional features may be associated with lower fiscal outlays during banking crises.