Baron, Matthew; Laeven, Luc; Pénasse, Julien; Usenko, … - 2021
We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast … to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and … other asset classes generally underperform after banking crises. While prices are depressed during crises and partially …