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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/31026
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/31026


    Title: The Reaction of Bank Stock Prices to the Asian Financial crises
    Authors: 張淑倩
    Contributors: 張元晨
    張淑倩
    Keywords: foreign loan exposure
    bank stock
    Asian crises
    Date: 2004
    Issue Date: 2009-09-14 09:05:08 (UTC+8)
    Abstract: This paper investigates the reaction of US, European and Japanese bank stocks to economic and political news reports during the Asian Financial crisis period. I identify relevant events using key word searches during the crisis period and estimate their impact on the US, European and Japanese bank stock prices. The empirical evidence shows that adverse events in Asian countries affect most banks with exposure in these countries. However, it is seen that the exposed banks’ stock price reactions are not proportional to their loan exposure. The stock market still needs more accurate and public exposure disclosures from banks to formulate accurate reactions during the Asian financial crisis period.
    Reference: [1] Basel Committee on Banking and Supervision. 2001. The New Basel Capital Accord, Bank for International Settlements, Basel.
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    [14] Lamy, R. E., Marr, W., and Tompson, G. R. 1986. The Mexican debt crisis, the IMF, and the efficiency of bank share prices, Studies in Banking and Finance3, 203-217.
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    [16] Madura J, Tucker A, Zarruk E. 1992. Reaction of bank share prices to the Third-World debt reduction plan. Journal of Banking and Finance 16: 853–868.
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    [19] Musumeci, James J and Sinkey, Joseph F, Jr. 1990. The international debt crisis, investor contagion, and bank security returns in 1987: The Brazilian experience. Journal of Money, Credit and Banking, 22, 209–220.
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    Description: 碩士
    國立政治大學
    財務管理研究所
    92357011
    93
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0923570111
    Data Type: thesis
    Appears in Collections:[財務管理學系] 學位論文

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