Poirson, Hélène; Schmittmann, Jochen M. - International Monetary Fund (IMF) - 2013
is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity … indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … risk, specifically, has been steadily rising since 2008. Banks that are reliant on wholesale funding, have weaker capital …