How Did Markets React to Stress Tests? /

We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a positive impact on stressed banks' returns. While the 2009 U.S. stress test had a large positive outcome, the impact of subsequent U.S. exercise...

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Bibliografische gegevens
Hoofdauteur: Candelon, Bertrand
Andere auteurs: Sy, Amadou
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2015.
Reeks:IMF Working Papers; Working Paper ; No. 2015/075
Onderwerpen:
Online toegang:Full text available on IMF