Bank insolvency risk and Z-score measures with unimodal returns

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10 Citations (Scopus)


We specialize the established justification for using Z-scores as a risk measure reflecting a bank's probability of insolvency to the case where the bank's distribution of returns is unimodal, obtaining a refined upper bound of the probability of insolvency for this potentially useful special case.
Original languageEnglish
Pages (from-to)1683-1685
Number of pages3
JournalApplied Economics Letters
Issue number17
Publication statusPublished - 2011


  • insolvency risk,
  • Z-score
  • unimodal
  • Vysochanskii–Petunin inequality
  • G21
  • G32


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