BIS paper looks for nuanced story of 2008 bank failures
Failed banks suffered most from lending to non-household real-estate borrowers
US commercial banks that failed after the 2008 crisis suffered the largest losses on their non-household real-estate exposures, rather than traditional mortgages or agency mortgage-backed securities (MBS), according to a working paper published today (November 30) by the Bank for International Settlements (BIS).
Adonis Antoniades, an economist in the BIS's monetary and economic department, studied 301 US commercial banks that failed between 2005 and 2013, the vast majority post-2008.
In Commerci
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