01915cas a2200265 a 4500 AALejournalIMF000175 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451927535 1018-5941 BD-DhAAL BD-DhAAL Billings, Robert. Banking System Fragility : Likelihood Versus Timing of Failure; An Application to the Mexican Financial Crisis / Robert Billings, Brenda Gonzalez-Hermosillo, Ceyla Pazarbasioglu. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper tests empirically the proposition that bank fragility is determined by bank-specific factors, macroeconomic conditions and potential contagion effects. The methodology allows for the variables that determine bank failure to differ from those that influence banks' time to failure (or survival rate). Based on the indicators of fragility of individual banks, we construct an index of fragility for the banking system. The framework is applied to the Mexican financial crisis beginning in 1994. In the case of Mexico, bank-specific variables as well as contagion effects explain the likelihood of bank failure, while macroeconomic variables largely determine the timing of failure. Mode of access: Internet Gonzalez-Hermosillo, Brenda. Pazarbasioglu, Ceyla. IMF Working Papers; Working Paper ; No. 1996/142 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/142/001.1996.issue-142-en.xml IMF e-Library