Reaction of European bank stock prices to events of the Asian and Russian financial crises (notice n° 833175)
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| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250123135749.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Crouzille, Céline |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Reaction of European bank stock prices to events of the Asian and Russian financial crises |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2006.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 35 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Réaction des valeurs bancaires européennes à des événements des crises financières asiatique et russe L’objectif de cet article est d’étudier, pour un échantillon de banques européennes, l’impact exercé par les crises financières asiatique et russe sur leur cours boursier. Cette question est importante du point de vue de la fragilité financière et des éventuels effets de contagion au sein de l’industrie bancaire. Nous mobilisons une approche en terme d’économétrie événementielle qui intègre un grand nombre d’événements macroéconomiques et des annonces publiques des banques sur leur exposition pendant les épisodes les plus marqués de 1997 et de 1998. Nos résultats montrent que les valeurs bancaires n’ont pas réagi brutalement à la crise asiatique. Cependant, s’agissant de la crise russe, nous obtenons des rendements anormaux significatifs pour un grand nombre de banques suggérant la présence d’effets de contagion. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The aim of this paper is to examine the impact on bank stock prices of the Asian and Russian financial crises for a sample of European banks. This issue is of importance regarding financial fragility and contagion effects within the banking industry. We develop an event study methodology based on a large number of macroeconomic news and on public announcements of individual bank exposure during the sharpest episodes in 1997 and in 1998. Whereas bank stocks did not react promptly to the Asian crisis we show evidence of significant abnormal returns for a large number of banks to events of the Russian Crisis suggesting the presence of contagion effects. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | contagion |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | crises asiatique et russe |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | étude événementielle |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | banques |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | asian and russian crises |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | contagion |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | event study |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | banking |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Lepetit, Lætitia |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Tarazi, Amine |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue d'économie politique | 116 | 4 | 2006-08-01 | p. 457-469 | 0373-2630 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-d-economie-politique-2006-4-page-457?lang=fr&redirect-ssocas=7080">https://shs.cairn.info/revue-d-economie-politique-2006-4-page-457?lang=fr&redirect-ssocas=7080</a> |
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