06199oam 22014654 450 991097402690332120250426110931.09781475577938147557793197814755254581475525451(CKB)2670000000278805(EBL)1606831(SSID)ssj0000952180(PQKBManifestationID)11519571(PQKBTitleCode)TC0000952180(PQKBWorkID)10902863(PQKB)10874992(Au-PeEL)EBL1606831(CaPaEBR)ebr10627026(OCoLC)867109951(IMF)WPIEE2012174(IMF)WPIEA2012174(MiAaPQ)EBC1606831WPIEA2012174(EXLCZ)99267000000027880520020129d2012 uf 0engur|n|---|||||txtccrEquity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis /Jorge Chan-Lau, Estelle Liu, Jochen M. Schmittmann1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (23 p.)IMF Working PapersDescription based upon print version of record.9781475553666 1475553668 9781475505221 1475505221 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 Papers; Working Paper ;No. 2012/174Capital marketInvestmentsAsset requirementsimfBankingimfBanks and BankingimfBanks and bankingimfBanksimfCapital adequacy requirementsimfCommercial banksimfDepository InstitutionsimfEconomic & financial crises & disastersimfEvent StudiesimfFinanceimfFinancial CrisesimfFinancial crisesimfFinancial Institutions and Services: Government Policy and RegulationimfFinancial institutionsimfFinancial InstrumentsimfFinancial regulation and supervisionimfFinancial Risk ManagementimfFinancial services law & regulationimfFinancial servicesimfInformation and Market EfficiencyimfInstitutional InvestorsimfInterest ratesimfInterest Rates: Determination, Term Structure, and EffectsimfInvestment & securitiesimfInvestments: StocksimfMicro Finance InstitutionsimfMortgagesimfNon-bank Financial InstitutionsimfPension FundsimfStocksimfYield curveimfUnited StatesimfCapital market.Investments.Asset requirementsBankingBanks and BankingBanks and bankingBanksCapital adequacy requirementsCommercial banksDepository InstitutionsEconomic & financial crises & disastersEvent StudiesFinanceFinancial CrisesFinancial crisesFinancial Institutions and Services: Government Policy and RegulationFinancial institutionsFinancial InstrumentsFinancial regulation and supervisionFinancial Risk ManagementFinancial services law & regulationFinancial servicesInformation and Market EfficiencyInstitutional InvestorsInterest ratesInterest Rates: Determination, Term Structure, and EffectsInvestment & securitiesInvestments: StocksMicro Finance InstitutionsMortgagesNon-bank Financial InstitutionsPension FundsStocksYield curve332.1/52Chan-Lau Jorge1815656Liu Estelle1815757Schmittmann Jochen M956166DcWaIMFBOOK9910974026903321Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis4371264UNINA