Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis »
Series: IMF Working Papers
Author(s): Jorge Chan-Lau , Estelle Liu , and Jochen M. Schmittmann
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2012
Keywords: equity returns, sovereign debt crisis, regulatory capital, panel data econometrics, banking, tier 1 capital, bank bond, General Financial Markets,
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 an...