Acharya, Viral V. (contributor); … - 2004 - [Elektronische Ressource]
reactions (as discussed below). Most empirical investi-
gations of bank contagion are event studies of bank stock price … this paper.
The empirical studies on bank contagion test whether bad news, such as a bank failure,
the announcement of an … These studies have concentrated on
2If the effect is negative, the empirical literature calls it the “contagion effect.” The …