IORIO, Amalia DI; FAFF, Robert; SANDER, Harald - In: Journal of Accounting and Management Information Systems 12 (2013) 2, pp. 319-344
This paper examines the sensitivity of financial sector stock returns to two risk factors – interest rates (both long-term and short-term) and exchange rates. Specifically we investigate the impact of the European Union and the introduction of the euro on European financial sector risk in the...