Finnish banking crisis : can we blame bank management?
Abstract
This paper examines the pricing of bank loans using information on Finnish savings banks' loans from 1987 to 1992. Loan rate premia were affected by many factors, some of which are clearly related to riskiness of the borrower and some are not. The likelihood of delinquent payments is also investigated. The results suggest that there are several factors which were not correctly priced.Download Info
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Article provided by Finnish Economic Association in its journal Finnish Economic Papers.
Volume (Year): 7 (1994)
Issue (Month): 1 (Spring)
Pages: 56-68
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Web page: http://www.taloustieteellinenyhdistys.fi
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Related research
Keywords:Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Santiago Fernández de Lis & Jorge Martínez Pagés & Jesús Saurina, 2000. "Credit Growth, Problem Loans and Credit Risk Provisioning in Spain," Banco de España Working Papers 0018, Banco de España.
- Jesús Saurina-Salas, 1998. "Determinantes de la morosidad de las cajas de ahorro españolas," Investigaciones Economicas, Fundación SEPI, vol. 22(3), pages 393-426, September.
- Nakamura, Richard, 2002. "The Big Cleanse: The Japanese Response To The Financial Crisis Of 1990'S Seen From A Nordic Perspective," EIJS Working Paper Series 149, The European Institute of Japanese Studies.
- Vicente Salas & Jesús Saurina, 2002. "Credit Risk in Two Institutional Regimes: Spanish Commercial and Savings Banks," Journal of Financial Services Research, Springer, vol. 22(3), pages 203-224, December.
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