On the Valuation of Deposit Institutions |
Common terms and phrases
accounting additional allow annual approach assets assets and liabilities assumed assumptions Author Bank & Trust becomes biased book value bookable equity capital Cleveland closure coefficient considered continued costs definitions deposit institutions determine developed differs discussed economic insolvency enterprise-contributed equity equals equation error estimate extent facto failed banks failure FDIC federal guarantees Federal Reserve Bank federally contributed figure firm's function giant institutions given greater guarantee value holding included increase indicate individual institution's institution's capital institutions interpreted Kane less liabilities losses market value market-value insolvency measure million P&A National Bank negative nonfailed banks nonlinear version obtained off-balance-sheet items Oklahoma Operating option overestimates parameters partitions percent positive possible premium regulators regulatory relationship represents risk riskiness rule sample significant significantly differs SMVAM stockholder Table Texas unbiased estimate unbookable equity unity universe value of bookable value of federal variables zero