Krainer, John; Lopez, Jose A. - In: International Journal of Central Banking 4 (2008) 1, pp. 125-164
U.S. bank supervisors conduct comprehensive inspections of bank holding companies and assign them a supervisory rating, known as a BOPEC rating prior to 2005, meant to summarize their overall condition. We develop an empirical model of these BOPEC ratings that combines supervisory and securities...