Too-big-to-fail: bank failure and banking policy in Jamaica

Daley, Jenifer, Matthews, Kent Gerard Patrick ORCID: https://orcid.org/0000-0001-6968-3098 and Whitfield, Keith Leslie ORCID: https://orcid.org/0000-0002-1184-5530 2008. Too-big-to-fail: bank failure and banking policy in Jamaica. Journal of International Financial Markets, Institutions and Money 18 (3) , pp. 290-303. 10.1016/j.intfin.2006.12.002

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Abstract

Research on the causes of bank failure has focused on developed countries, particularly the United States of America. Relatively little empirical work has examined developing countries. We examine the total population of banks in Jamaica between 1992 and 1998 and find that real GDP growth, size, and managerial efficiency were the most significant factors contributing to the failure of banks. Bank failure is defined to include bailout and regulator-induced or supervised merger. Our results suggest that there were implicit ‘too-big-to-fail’ policies during this period.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	D History General and Old World > D History (General) > D204 Modern History D History General and Old World > D History (General) > D880 Developing Countries H Social Sciences > H Social Sciences (General) H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance
Uncontrolled Keywords:	Bank failures; Too-big-to-fail; Developing economies; Jamaica
Publisher:	Elsevier
ISSN:	1042-4431
Last Modified:	19 Oct 2022 09:46
URI:	https://orca.cardiff.ac.uk/id/eprint/22135

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