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This paper reviews the market reaction to bank rescue packages announced in six countries between October 2008 and January 2009. The study distinguishes the impact on creditors as seen in the change of CDS spreads from the impact on shareholders as seen in the movement of bank stock prices....
Persistent link: https://www.econbiz.de/10013155928
Der Europäischen Zentralbank (EZB) steht mit Zinsoperationen sowie diversen Offenmarktgeschäften eine breite Palette an geldpolitischen Maßnahmen zur Verfügung. Die vorliegende Arbeit untersucht die Auswir-kungen dieser Maßnahmen auf ausgewählte europäische Aktien- und Anleihemärkte...
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.K., Japan, France, Germany, Canada, Italy, Spain, Switzerland, Australia, the Netherlands, Sweden, Belgium, Ireland, Denmark …
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This paper aims at decomposing the forecast error variance of excess returns in five major European stock markets into the variance of news about future excess returns, dividends and real interest rates. Special emphasis is given on the issue of stationarity and structural breaks in the...
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data on stock market indices for Germany, the United Kingdom, France, the Netherlands and Italy from 1973 to 2001 … Niederlande und Italien von 1973 bis 2001. Abhängigkeit wird dabei gemessen anhand der bedingten Wahrscheinlichkeit einer … in another and is estimated using an approach from multivariate extreme value theory. The paper finds the following …
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