Risk Exposures and Financial Spillovers in Tranquil and Crisis Times is popular PDF and ePub book, written by Ms.Helene Poirson Ward in 2013-06-05, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Risk Exposures and Financial Spillovers in Tranquil and Crisis Times can be Read Online from any device for your convenience.
Risk Exposures and Financial Spillovers in Tranquil and Crisis Times Book PDF Summary
For a sample of 83 financial institutions during 2003–2011, this paper attempts to answer three questions: first, what is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with equity price linkages beyond market risk factors. The paper finds a rise in sensitivities to both country and global risk factors in 2011, although on average to levels still below those of the subprime crisis. The average sensitivity to European risk, specifically, has been steadily rising since 2008. Banks that are reliant on wholesale funding, have weaker capital levels and low valuations, and higher exposures to crisis countries are found to be the most vulnerable to shocks. The analysis of bank-to-bank linkages suggests that any “globalization” of the euro area crisis is likely to be channelled through U.K. and U.S. banks, with little evidence of direct spillover effects to other regions.
Detail Book of Risk Exposures and Financial Spillovers in Tranquil and Crisis Times PDF
- Author : Ms.Helene Poirson Ward
- Release : 05 June 2013
- Publisher : International Monetary Fund
- ISBN : 9781484311240
- Genre : Business & Economics
- Total Page : 46 pages
- Language : English
- PDF File Size : 20,8 Mb
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