Andrieş, Alin Marius; Fischer, Andreas M.; Yeşin, Pınar - 2015
markets. The analysis shows that swap lines by the Swiss National Bank (SNB) had a positive impact on bank stocks in Central … and Eastern Europe. It then highlights the importance of individual bank characteristics in identifying the impact of swap … lines on bank stocks. Bank-level evidence suggests that stock prices of local and less-well capitalized banks responded …