This historical study utilizes annual insured bank data from 1936 through 1989 to empirically evaluate the impact of bank regulation on bank risk taking in a cross-country comparison of the United States and Canada. Risk is hypothesized to be determined, in part, by the regulatory environment in which a bank operates. The findings of this analysis contributes to the contemporary deregulation po...

The Japanese economy has suffered from persistent deflation since the mid-1990s, when the banking system fell into serious undercapitalization. In Germany and in China, worries about impending deflation have emerged, along with fear of prospective or hidden bank insolvency. In this paper I present a simple model in which bank insolvency causes deflation. During a period of bank insolvency, bank...

The author develops the first comparative empirical study of bank failures during the nineties between East Asia and Latin America using bank-level data, in order to address the following two questions: (i) To what extent did individual bank conditions explain bank failures? (ii) Did mainly the weakest banks, in terms of their fundamentals, fail in the crisis countries? The main results for Eas...

The goal of this essay is to examine estimates of individual bank X-efficiency across time. First, we estimate a translog flexible function specification of bank efficiency during the period 1988-1997. Then, we estimate a time-series/cross-sectional model with independent variables that reflect business cycle and monetary policy conditions that may affect bank performance. Like Calomiris and Ma...

This paper investigates whether different types of regulation may have a direct or indirect (through market power) impact on bank’s efficiency. We use a set of data containing European banks to consider the impact of regulations related to capital requirements, official supervisory power, restrictions on bank activities, and private monitoring on bank efficiency. Our results suggest that offici...

Despite extensive research interest in the last decade, the banking literature has not reached a consensus on the impact of bank mergers on deposit rates. In particular, results on the dynamics of deposit rates surrounding bank mergers vary substantially across studies. In this paper, we aim for a comprehensive empirical analysis of a bank merger’s impact on deposit rate dynamics. We base the a...

An efficient realization of a low delay filter−bank will be proposed, which can be regarded as a filter−bank used as equalizer with either fixed or time−varying spectral gain factors. The proposed filter−bank equalizer (FBE) results in a time−domain filter whose coefficients are adapted in the (short−term) spectral−domain. Perfect signal reconstruction is obtained for a broad class of spectral ...