The Losses Realized in Bank Failures
研究银行倒闭时的资产损失，发现平均损失达资产的30%，直接费用占10%，并分析了FDIC保留资产与收购银行承接资产的价值差异。
ABSTRACT This paper examines the losses realized in bank failures. Losses are measured as the difference between the book value of assets and the recovery value net of the direct expenses associated with the failure. I find the loss on assets is substantial, averaging 30 percent of the failed bank's assets. Direct expenses associated with bank closures average 10 percent of assets. An empirical analysis of the determinants of these losses reveals a significant difference in the value of assets retained by the FDIC and similar assets assumed by acquiring banks.