This paper investigates whether the probability of a banking crisis depends on the time that has elapsed since the last banking crisis. More than two centuries of banking crises are considered, and a discrete-time duration model that is based on a cubic spline methodology is implemented. The...

This paper examines the determinants of bank failures in the US banking system during the recent financial crisis. The analysis employs a data set on the financial statements of FDIC-insured commercial banks and their bank holding companies, along with information on bank failures, mergers and...