stock prices and credit default swap spreads. Overall, bank stock prices reflect a negative capitalization of government … reduction in their market valuation in countries running large fiscal deficits. Furthermore, the change in bank credit default …. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank …

stock prices and credit default swap spreads. Overall, bank stock prices reflect a negative capitalization of government … reduction in their market valuation in countries running large fiscal deficits. Furthermore, the change in bank credit default …. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank …

stock prices and credit default swap spreads. Overall, bank stock prices reflect a negative capitalization of government … reduction in their market valuation in countries running large fiscal deficits. Furthermore, the change in bank credit default …. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank …

. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank … stock prices and CDS spreads. Overall, bank stock prices reflect a negative capitalization of government debt and they … valuation in countries running large fiscal deficits. Furthermore, the change in bank CDS spreads in 2008 relative to 2007 …

explain about two-thirds of the variation of bank capitalization over the business cycle. We estimate that provisioning …