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Using a new panel cointegration test that considers serial correlation and cross-section dependence on a mixed and … stability, whereas others do not. In other words, there exists at least one bank that acts as a destabilizer and the challenge …
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This paper aims at testing the effect of AIG's loss announcements and Federal Reserve's subsequent innovation on the financial industry. An analysis of seemingly unrelated regression on the returns of four industries- banking, insurance, brokerage firms and savings and loan Institutions (S&Ls)...
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