In recent decades many countries have experienced banking crisis, for example Mexico (1994-1995), East Asian countries (after 1997) and transition economies (in 1990´s). The Czech Republic can not be omitted. The aim of this article is to characterise the role of early warning signals in...

This paper assesses the validity of comparisons of the current financial crisis with past crises in the United States. We highlight aspects of two National Banking Era crises (the Panic of 1873 and the Panic of 1907) that are relevant for comparison with the Panic of 2008. In 1873,...

Using the heteroskedastic-TOBIT model to deal with both censored data and a heteroskedasticity problem, this study address determinants of interstate differentials in bank closing rates over the 1982-91 period. It is found that the bank closing rate in a state is an increasing function of the...