... underscoring the importance of introducing fixed effects into the present count regressions. Then again, in the case that determinants interrelate with the number of bank failures—meaning that the strict ... level of uncertainty about the future development of the banking industry in times of crisis, which inevitably reduces the explanatory power of the current set of determinants, but also the creation ... structure of the US banking industry encompassing tens of thousands of depository institutions. By way of contrast, the banking industries of e.g. Germany, Switzerland, or the United Kingdom aremuch...