Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel? /

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 events. Using pre-crisis benchmarks, it separates effects arising from changes in ext...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Claessens, Stijn
Weitere Verfasser: Tong, Hui, Zuccardi, Igor
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2011.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2011/227
Online Zugang:Full text available on IMF