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
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (23 p.)
• Disciplina: 332.1/52
• Soggetto topico: Capital market; Investments; Asset requirements; Banking; Banks and Banking; Banks and banking; Banks; Capital adequacy requirements; Commercial banks; Depository Institutions; Economic & financial crises & disasters; Event Studies; Finance; Financial Crises; Financial crises; Financial Institutions and Services: Government Policy and Regulation; Financial institutions; Financial Instruments; Financial regulation and supervision; Financial Risk Management; Financial services law & regulation; Financial services; Information and Market Efficiency; Institutional Investors; Interest rates; Interest Rates: Determination, Term Structure, and Effects; Investment & securities; Investments: Stocks; Micro Finance Institutions; Mortgages; Non-bank Financial Institutions; Pension Funds; Stocks; Yield curve
• 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.: 9910814614303321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2012/174