Stock Returns and the Brazilian Default an Analysis of the Efficient Market and Contagion Effect Hypotheses
Description:
This thesis attempts to analyze the market response of stock prices of major U.S. banks to the February, 1987 Brazilian loan default announcement. The study's general hypothesis is that the market revalued stock prices according to each bank's amount of Brazilian loan exposure. The first chapter examines the significance of the default announcement. A survey of related literature is presented in the second chapter. Chapter III specifies the methodological techniques involved in analysis of the …
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Date:
August 1988
Creator:
Mynatt, Joseph Ross
Partner:
UNT Libraries