Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis
Author/Editor: Jorge A. Chan-Lau, Estelle X. Liu, Jochen M. Schmittmann
Release Date: © July, 2012
ISBN
: 978-1-47550-522-1
Stock #: WPIEA2012174
English
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
Yes | |||||||
ePub | Yes | ||||||
Mobipocket | Yes |
Description
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.
Taxonomy
Financial crisis , International financial system
More publications in this series: Working Papers
More publications by: Jorge A. Chan-Lau ; Estelle X. Liu ; Jochen M. Schmittmann