Safa, M. Faisal; Hassan, M. Kabir; Maroney, Neal C. - In: Applied Financial Economics 23 (2013) 16, pp. 1337-1348
We examine the effects of the American International Group, Inc.'s (AIG's) loss announcements and the Federal Reserve's subsequent innovation in the financial sector. Analysis of seemingly unrelated regression on the returns of four financial industries -- banking, insurance, brokerage firms and...