Series: IMF Working Papers
Author(s): Bertrand Candelon , and Amadou Sy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2015
Keywords: macroprudential, bank, capital, governance, recapitalization, Government Policy and Regulation, Government Policy and Regulation,
We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a positive impact on stressed banks' returns. While the 2009 U.S....