Arbeitspapier
The impact of the ECB banking supervision announcements on the EU stock market
We study the impact of ECB's supervisory announcements on the Bank Stock index, from 2013 through 2017. Our evidence shows that the news, related to supervisory actions, do have highly significant effects on the market price of banks, contributing to the volatility of the Bank Stock Index for Europe and Italy. Most announcements signal the need to raise more regulatory capital and lead to negative returns in the stock market, thus increasing the cost of raising new capital. Our study is related to previous ones (by Bernanke and Kuttner) focusing on the impact of monetary policy announcements on the stock exchange.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 112
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
Banking Supervision
ECB
GARCH
Stock Market
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Baglioni, Angelo
Monticini, Andrea
Peel, David
- Ereignis
-
Veröffentlichung
- (wer)
-
Università Cattolica del Sacro Cuore, Dipartimento di Economia e Finanza (DISCE)
- (wo)
-
Milano
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Baglioni, Angelo
- Monticini, Andrea
- Peel, David
- Università Cattolica del Sacro Cuore, Dipartimento di Economia e Finanza (DISCE)
Entstanden
- 2021
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