Series: IMF Working Papers
Author(s): Ouarda Merrouche , Enrica Detragiache , and Asli Demirgüç-Kunt
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2010
Keywords: Basel capital accord, stock returns, stock market, bank stock, tier 2 capital, Financial Institutions and Services: Government Policy and Regulation,
Using a multi-country panel of banks, we study whether better capitalized banks experienced higher stock returns during the financial crisis. We differentiate among various types of capital ratios: the Basel risk-a...