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Finding the Bad Apples in the Barrel
Using the Market Value of Equity to Signal Banking Sector Vulnerabilities

by Will Kerry

Series:Working Paper No. 19/180
ISBN 9781513511030
Code: #WPIEA2019180

Publication year: 2019

Cdn: $27.00; US: $25.00
Paperback
Language: English
29 pages
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This paper measures the performance of different metrics in assessing banking system vulnerabilities. It finds that metrics based on equity market valuations of bank capital are better than regulatory capital ratios, and other metrics, in spotting banks that failed (bad apples). This paper proposes that these market-based ratios could be used as a surveillance tool to assess vulnerabilities in the banking sector. While the measures may provide a somewhat fuzzy signal, it is better to have a strategy for identifying bad apples, even if sometimes the apples turn out to be fine, than not being able to spot any bad apples before the barrel has been spoiled.
Finding the Bad Apples in the Barrel
Cdn: $27.00; US: $25.00
International Monetary Fund (IMF) BookID: 125658 Added: 2019.8.16