Series: IMF Working Papers
Author(s): Stijn Claessens , Hui Tong , and Igor Zuccardi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2011
Keywords: Euro crisis, non-financial firms, financial channel, trade channel, bank exposure, financial dependence, stock prices, stock price, banking,
This paper analyzes through what channels the euro crisis has affected firm valuations globally. It examines stock price responses over the past year for 3045 non-financial firms in 16 countries to three key crisis...