Showing 1 - 10 of 1,481
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The 2008 financial crisis has its origins in the US real estate market. By means of purchases of US mortgage-backed securities it spread to the portfolios of financial companies everywhere in the world and it is making its way to the real economy. The measures to be taken include cutting...
Persistent link: https://www.econbiz.de/10005037723
We identify 72 bank Mergers and Acquisitions (M&As), in which US banks acquired other financial institutions. We focus on the role of timing at M&A in the context of boom phase and financial crisis. Applying event study methodology, we examine: value generation to bank shareholders; value...
Persistent link: https://www.econbiz.de/10009352489
This paper examines the response of Stock Prices (SPs) in Germany, Italy, and the UK to shocks to US Stock Prices (USSPs) using Vector Error Correction Models (VECMs) and cross-country stock return correlations. Our results yield clear implications. Positive shocks to USSPs lead to significant,...
Persistent link: https://www.econbiz.de/10009352498
consumption of finite fossil fuels and a lack of green competitiveness in the USA contribute to the unsustainable economic growth …
Persistent link: https://www.econbiz.de/10009352890
We propose a new approach toward assessing sovereign risk by examining rigorously the health and aggregate default risk … default probabilities of listed corporate entities in ten European countries, and the USA, covering the recent global … conclude that our transparent corporate health index measured at periods prior to and after the explicit recognition by most …
Persistent link: https://www.econbiz.de/10010722729
The recent financial crisis has plagued banking institutions around the world. Using a non-parametric (data envelopment analysis) approach, we measure operating and profit efficiency of 21 commercial banks from four countries during 2004-2010. The results suggest that for the most part there is...
Persistent link: https://www.econbiz.de/10010722759
The financial crisis which manifested in the USA in 2008, revealed the extent to which the largest and most … interconnected financial institutions in the USA had become 'too big to fail', i.e., so systematically and significantly interwoven …
Persistent link: https://www.econbiz.de/10010668623
This research studies why commercial banks in the USA failed in the recent financial crisis from the aspect of risk …
Persistent link: https://www.econbiz.de/10010668753