TY - BOOK AU - Poghosyan,Tigran AU - Cihak,Martin AU - Poghosyan,Tigran TI - Distress in European Banks: An Analysis Basedon a New Dataset T2 - IMF Working Papers; Working Paper SN - 1451871562 : SN - 1018-5941 PY - 2009/// CY - Washington, D.C. PB - International Monetary Fund KW - Bank Distress KW - imf KW - Bank Failure KW - Banking KW - Contagion KW - Early Intervention KW - Early Warning System KW - Germany KW - Italy KW - United States N2 - The global financial crisis has highlighted the importance of early identification of weak banks: when problems are identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures, which made the estimation of early warning models for bank supervision very difficult. This paper presents a unique database of individual bank distress across the European Union from mid-1990s to 2008. Using this data set, we analyze the causes of banking distress in Europe. We identify a set of indicators and thresholds that can help to distinguish sound banks from those vulnerable to financial distress UR - http://elibrary.imf.org/view/IMF001/09799-9781451871562/09799-9781451871562/09799-9781451871562.xml UR - http://www.imfbookstore.org/IMFORG/9781451871562 ER -