Studies in Bank Contagion: Three Regulatory Events
Description:
This research describes an analysis, using event-study methodology, of the reaction of the stock returns of a sample, drawn from the one-hundred largest bank holding companies, to certain actions of regulatory agencies. The first part of the analysis examines the reaction of the bank stocks to the closure of the Bank of New England, using cross-sectional variables not previously examined by other investigators. The second event considers the invalidation of interest-rate swap contracts by the B…
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Date:
May 1998
Creator:
Springstube, Woodard R. (Woodard Rex)