03319nam 2200613Ia 450 991046196410332120200520144314.01-4755-7793-11-4755-2545-1(CKB)2670000000278805(EBL)1606831(SSID)ssj0000952180(PQKBManifestationID)11519571(PQKBTitleCode)TC0000952180(PQKBWorkID)10902863(PQKB)10874992(MiAaPQ)EBC1606831(Au-PeEL)EBL1606831(CaPaEBR)ebr10627026(OCoLC)867109951(EXLCZ)99267000000027880520111102d2012 uy 0engur|n|---|||||txtccrEquity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis[electronic resource] /Jorge A. Chan-Lau, Estelle X. Liu, and Jochen M. SchmittmannWashington, DC International Monetary Fund20121 online resource (23 p.)IMF working paper ;12/174Description based upon print version of record.1-4755-5366-8 1-4755-0522-1 Includes bibliographical references.Cover; Contents; I. Bank Equity Performance during the Recent Crisis; Figures; 1. U.S. and European Banks Price Indices; 2. European Banking Sector Indices, January 2006=100; II. Literature Review; III. Data and Variable Definitions; 3. Excess Equity Returns in the Banking Sector; 4. Sovereign Risk vs. PMI, monthly changes; IV. What Explains Equity Returns in the Banking Sector?; Tables; 1. Banks' Equity Returns: Model Specifications; 2. Banks' Equity Returns: Different Sample Periods; 3. Banks' Equity Returns: United Kingdom, United States, and Japan4. Banks' Equity Returns: Euro Area CountriesV. Do Bank Characteristics Matter for Explaining Equity Returns?; 5. Banks' Equity Returns and Bank Characteristics; 6. Banks' Equity Returns and Standard Vulnerability Indicators; VI. Conclusions; References; Appendix: I. List of BanksThis study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment. While the equity return performance in the banking sector has been dismal in general, better capitalized and less leveraged banks have outperformed their peers, a finding that supports policymakers' efforts to strengthen bank capitalization.IMF Working PapersCapital marketInvestmentsElectronic books.Capital market.Investments.Chan-Lau Jorge A857600Liu Estelle X956167Schmittmann Jochen M956166MiAaPQMiAaPQMiAaPQBOOK9910461964103321Equity returns in the banking sector in the wake of the great recession and the European sovereign debt crisis2164407UNINA