Resumen de Enfoques de análisis de los determinantes de la oleada de quiebras bancarias en los estados unidos durante la crisis financiera internacional de 2008
In this thesis, various approaches are employed to examine the main determinants that caused the last wave of U.S. bank failures during the recent financial crisis. An initial study – described in the first chapter – proposes the thorough exploitation of the accounting databases of the Federal Financial Institutions Examination Council (FFIEC). In the second chapter, a classic early warning model is compared to a “naive” indicator such as the Texas ratio. The third chapter proposes the use of principal component analysis as a means of incorporating the maximum number of ‘CAMELS’ variables into the model specification, while avoiding the problem of multicollinearity. The fourth chapter concludes the compendium and summarizes the main conclusions derived from the investigations. Overall, the results obtained by applying the various methodologies suggest that these techniques serve as valid alternative approaches that complement onsite models applied in supervisory practice.
