de Graeve, Ferre; Kick, Thomas; Koetter, Michael - Deutsche Bundesbank <Frankfurt, Main> / … - 2008
integrated micro-macro approach with twocore virtues. First, we measure the probability of bank distress directly at the … banklevel. Second, we integrate a microeconomic hazard model for bank distress and astandard macroeconomic model. The advantage … effectsbetween bank distress and the real economy. We base the analysis on Germanbank and macro data between 1995 and 2004. Our …