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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



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Autore: Chan-Lau Jorge Visualizza persona
Titolo: 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 Visualizza cluster
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  Visualizza cluster
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
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Serie: IMF Working Papers; Working Paper ; ; No. 2012/174