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crisis of October 2008, when all three major banks in Iceland collapsed in three successive days. The country is still … of Iceland (CBI) saw the systemic risks created by lending to owners and related parties, which increased greatly from … countries had the resources to bail out their irresponsible and illiquid banks, Iceland did not, and it received little foreign …
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Using a sample of 3 Icelandic and 153 US banks (8 of which have since failed), we construct a historical VaR framework and discuss the relative thoroughness of market risk management for US and Icelandic firms. The paper seeks to determine the drivers of provisional loan losses (PLL), a...
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This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
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