Equity 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. Schmittmann

• Autore: Chan-Lau Jorge
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2012
• Descrizione fisica: 1 online resource (23 p.)
• Soggetto topico: Capital market; Investments; Banks and Banking; Financial Risk Management; Investments: Stocks; Financial Crises; Information and Market Efficiency; Event Studies; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors; Financial Institutions and Services: Government Policy and Regulation; Interest Rates: Determination, Term Structure, and Effects; Banking; Economic & financial crises & disasters; Investment & securities; Financial services law & regulation; Finance; Financial crises; Stocks; Capital adequacy requirements; Yield curve; Financial institutions; Financial regulation and supervision; Financial services; Commercial banks; Banks and banking; Asset requirements; Interest rates
• Soggetto geografico: United States
• Altri autori: LiuEstelle SchmittmannJochen M
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: 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 Japan ; 4. 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 Banks
• Sommario/riassunto: This 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.
• Titolo autorizzato: Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis
• ISBN: 1-4755-7793-1; 1-4755-2545-1
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910786480003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2012/174