... of an analysis of the following three five-year partitions: pre-crisis (2002–2006), crisis (2007–2011) and post-crisis (2012–2016). The main hypothesis is that the factors explaining bank failures vary by period. Using logistic regression analysis, the authors identify the desirable models by period based...

... of the crisis. Given the ever more complex set of future regulatory constraints, it may keep generating costly negative spillover effects on the whole economy. Moreover, rules‐based regulation, however carefully constructed, will unfortunately never prevent bank failures. Neither should it attempt to do so...

... costs of bank failure ex post. The levy is thus a type of Pigouvian tax aimed at providing incentives to reduce systemic risk. The paper starts from the experience of the current financial crisis and points to the limitations of the existing national safety nets for safeguarding financial...