ISSN:
1573-045X
Keywords:
federal deposit insurance
;
thrift institutions
;
put options
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract In this article we examine the information that stock prices provide about the financial condition of federally insured thrift institutions. In order to assess their financial condition from the different perspectives of stockholders and the federal insurer, we calculate the value of the put option of federal deposit insurance available to thrift institutions. Our results demonstrate that the two perspectives often provide, particularly for unhealthy institutions, quite different views of the financial condition of individual institutions.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF00221527
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