Candelon, Bertrand; Sy, Amadou N. R. - Institut de Préparation à l'Administration et à la … - 2015
In the aftermath of the global financial crisis, supervisors in Europe and the U.S. have undertaken a series of bank stress tests to restore market confidence. In this paper we use event study methods to compare the market impact of all U.S. and EU-wide stress tests performed from 2009 to 2013....