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...

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Bibliographic Details
Main Author: Claessens, Stijn
Other Authors: Tong, Hui, Zuccardi, Igor
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/227
Online Access:Full text available on IMF