Too-big-to-fail: Bank failure and banking policy in Jamaica

J. Daley, K. Matthews, K. Whitfield

Research output: Journal PublicationArticlepeer-review

22 Citations (Scopus)


Research on the causes of bank failure has focused on developed countries, particularly the United States of America. Relatively little empirical work has examined developing countries. We examine the total population of banks in Jamaica between 1992 and 1998 and find that real GDP growth, size, and managerial efficiency were the most significant factors contributing to the failure of banks. Bank failure is defined to include bailout and regulator-induced or supervised merger. Our results suggest that there were implicit 'too-big-to-fail' policies during this period.

Original languageEnglish
Pages (from-to)290-303
Number of pages14
JournalJournal of International Financial Markets, Institutions and Money
Issue number3
Publication statusPublished - Jul 2008
Externally publishedYes


  • Bank failures
  • Developing economies
  • Jamaica
  • Too-big-to-fail

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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