Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis /

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 and to a lesser extent, by deteriorating funding conditions and investor sentiment. Whil...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Chan-Lau, Jorge
Weitere Verfasser: Liu, Estelle, Schmittmann, Jochen M.
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2012.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2012/174
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung: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 and to a lesser extent, by deteriorating funding conditions and investor sentiment. While the equity return performance in the banking sector has been dismal in general, better capitalized and less leveraged banks have outperformed their peers, a finding that supports policymakers' efforts to strengthen bank capitalization.
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Beschreibung:1 online resource (22 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Zugangseinschränkungen:Electronic access restricted to authorized BRAC University faculty, staff and students