Bank Health Post-Crisis / Kyriakos T. Chousakos, Gary B. Gorton.

Format:

Book

Author/Creator:

Chousakos, Kyriakos T.

Contributor:

National Bureau of Economic Research.

Gorton, Gary B.

Series:

Working Paper Series (National Bureau of Economic Research) no. w23167.

NBER working paper series no. w23167

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2017.

Summary:

Economic growth is persistently low following a financial crisis, possibly because of a continuing weal banking system. In a financial crisis bank health is significantly damaged. Post-crisis regulatory changes have aimed at restoring bank health, but measuring bank health by Tobin's Q, we find that the ill health of banks in the recent U.S. financial crisis and the Euro crisis has persisted, especially compared to other crises in advanced economies. The low Q's cannot be explained by the state of the macro-economy. The results seem to suggest that bank regulatory changes may be repressive.

Notes:

Print version record

February 2017.