Explaining time to bank failure in Colombia during the financial crisis of the late 1990s

Borradores de Economia
Number: 
400
Published: 
Classification JEL: 
G21, G23
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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This paper identifies the main bank specific determinants of time to failure during the financial crisis in Colombia using duration analysis. Using partial likelihood estimation, it shows that the process of failure of financial institutions during that p