{"id":"https://openalex.org/W3122863561","doi":"https://doi.org/10.1257/aer.90.2.28","title":"U.S. Banks, Crises, and Bailouts: From Mexico to LTCM","display_name":"U.S. Banks, Crises, and Bailouts: From Mexico to LTCM","publication_year":2000,"publication_date":"2000-05-01","ids":{"openalex":"https://openalex.org/W3122863561","doi":"https://doi.org/10.1257/aer.90.2.28","mag":"3122863561"},"language":"en","primary_location":{"id":"doi:10.1257/aer.90.2.28","doi":"https://doi.org/10.1257/aer.90.2.28","is_oa":false,"landing_page_url":"https://doi.org/10.1257/aer.90.2.28","pdf_url":null,"source":{"id":"https://openalex.org/S23254222","display_name":"American Economic Review","issn_l":"0002-8282","issn":["0002-8282","1944-7981"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315912","host_organization_name":"American Economic Association","host_organization_lineage":["https://openalex.org/P4310315912"],"host_organization_lineage_names":["American Economic Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.202208","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5052609761","display_name":"Bong\u2010Chan Kho","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I139264467","display_name":"Seoul National University","ror":"https://ror.org/04h9pn542","country_code":"KR","type":"education","lineage":["https://openalex.org/I139264467"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Bong-Chan Kho","raw_affiliation_strings":["College of Business Administration, Seoul National University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business Administration, Seoul National University","institution_ids":["https://openalex.org/I139264467"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100595045","display_name":"Dong Lee","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I52357470","display_name":"The Ohio State University","ror":"https://ror.org/00rs6vg23","country_code":"US","type":"education","lineage":["https://openalex.org/I52357470"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Dong Lee","raw_affiliation_strings":["Fisher College of Business, Department of Finance, Ohio State University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Fisher College of Business, Department of Finance, Ohio State University","institution_ids":["https://openalex.org/I52357470"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5004620923","display_name":"Ren\u00e9 M. Stulz","orcid":"https://orcid.org/0000-0003-2956-4806","observed_orcids":["https://orcid.org/0000-0003-2956-4806"]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I52357470","display_name":"The Ohio State University","ror":"https://ror.org/00rs6vg23","country_code":"US","type":"education","lineage":["https://openalex.org/I52357470"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ren\u00e9 M Stulz","raw_affiliation_strings":["Fisher College of Business, Department of Finance, Ohio State University, Columbus, OH 43210, and NBER"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Fisher College of Business, Department of Finance, Ohio State University, Columbus, OH 43210, and NBER","institution_ids":["https://openalex.org/I1321305853","https://openalex.org/I52357470"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":15.0594,"has_fulltext":false,"cited_by_count":139,"citation_normalized_percentile":{"value":0.98454731,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"90","issue":"2","first_page":"28","last_page":"31"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.8432999849319458,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.8432999849319458,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.13349999487400055,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.005100000184029341,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bank-stock-prices","display_name":"bank stock prices","score":0.9800000190734863},{"id":"https://openalex.org/keywords/currency-crises","display_name":"currency crises","score":0.7689999938011169},{"id":"https://openalex.org/keywords/bailouts","display_name":"bailouts","score":0.7289999723434448},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.8650000095367432},{"id":"https://openalex.org/keywords/contagion","display_name":"contagion","score":0.5270000100135803},{"id":"https://openalex.org/keywords/bank-exposure","display_name":"bank exposure","score":0.5550000071525574}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7231038212776184},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.4860823452472687},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.45063984394073486}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1257/aer.90.2.28","doi":"https://doi.org/10.1257/aer.90.2.28","is_oa":false,"landing_page_url":"https://doi.org/10.1257/aer.90.2.28","pdf_url":null,"source":{"id":"https://openalex.org/S23254222","display_name":"American Economic Review","issn_l":"0002-8282","issn":["0002-8282","1944-7981"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315912","host_organization_name":"American Economic Association","host_organization_lineage":["https://openalex.org/P4310315912"],"host_organization_lineage_names":["American Economic Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Economic Review","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.202208","doi":"https://doi.org/10.2139/ssrn.202208","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.202208","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:aleph.bib-bvb.de:BVB01-008927275","doi":null,"is_oa":false,"landing_page_url":"http://papers.nber.org/papers/w7529.pdf","pdf_url":"http://papers.nber.org/papers/w7529.pdf","source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.11.1690","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.11.1690","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.cob.ohio-state.edu/fin/dice/papers/2000/2000-1.pdf","raw_type":"text"},{"id":"pmh:oai:RePEc:aea:aecrev:v:90:y:2000:i:2:p:28-31","doi":null,"is_oa":false,"landing_page_url":"http://www.aeaweb.org/articles.php?doi=10.1257/aer.90.2.28","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.202208","doi":"https://doi.org/10.2139/ssrn.202208","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.202208","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":3,"referenced_works":["https://openalex.org/W2083526252","https://openalex.org/W3121906061","https://openalex.org/W3123207996"],"related_works":["https://openalex.org/W3123207996","https://openalex.org/W2074689722","https://openalex.org/W2551260997","https://openalex.org/W3124574722","https://openalex.org/W1973580963","https://openalex.org/W7100176765","https://openalex.org/W2268598022","https://openalex.org/W2066865557","https://openalex.org/W1587618217","https://openalex.org/W4408080051"],"abstract_inverted_index":{"This":[0],"paper":[1,63],"investigates":[2],"the":[3,65,68,77,92,101,109],"impact":[4,66],"on":[5,71],"bank":[6,72],"stock":[7,17,73,106],"prices":[8,74],"of":[9,67],"emerging":[10,78],"market":[11,18,79],"currency":[12,44],"crises":[13],"and":[14,28,46],"bailouts.":[15,49],"The":[16,62,83],"distinguishes":[19],"between":[20],"banks":[21,33,51,97],"with":[22,34],"exposure":[23],"to":[24,36,75],"a":[25,37,60],"crisis":[26,38,70,85],"country":[27,39],"other":[29],"banks.":[30],"In":[31],"general,":[32],"exposures":[35],"are":[40,52],"affected":[41],"adversely":[42],"by":[43,48,55],"events":[45,56,80],"positively":[47],"Other":[50],"mostly":[53],"unaffected":[54],"in":[57,81,91,100],"countries":[58],"experiencing":[59],"crisis.":[61],"uses":[64],"LTCM":[69,84,102],"put":[76],"perspective.":[82],"had":[86],"no":[87],"significant":[88],"contagion":[89],"effects":[90],"banking":[93],"sector":[94],"either,":[95],"but":[96],"that":[98],"participated":[99],"rescue":[103,110],"experienced":[104],"negative":[105],"returns":[107],"when":[108],"was":[111],"announced.":[112]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":8},{"year":2014,"cited_by_count":7},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":10}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2021-02-01T00:00:00"}