Join our mailing list!

Official PayPal Seal

(Your shopping cart is empty)

  Home > Diane Publishing Books >

2007-09 Financial Crisis and Bank Opaqueness
2007-09 Financial Crisis and Bank Opaqueness
Our Price: $20.00
By Mark J. Flannery (au); Simon H. Kwan (au); Mahendrarajah Nimalendran (au)
Year: 2010
Pages: 42
Binding Paperback
ISBN 978-1-4578-3428-8

Product Code: 1457834286

Doubts about the accuracy with which outside investors can assess a banking firms value motivate many government interventions in the banking market. The recent financial crisis has reinforced concerns about the possibility that banks are unusually opaque. Yet the empirical evidence, thus far, is mixed. This study examines the trading characteristics of bank shares over the period from Jan. 1990 through Sept. 2009. It finds that bank share trading exhibits sharply different features before vs. during the crisis. Until mid-2007, large (NYSE-traded) banking firms appear to be no more opaque than a set of control firms, and smaller (NASD-traded) banks are, at most, slightly more opaque. During the crisis, however, both large and small banking firms exhibit a sharp increase in opacity, consistent with the policy interventions implemented at the time. Although portfolio composition is significantly related to market microstructure variables, no specific asset category(s) stand out as particularly important in determining bank opacity. Tables and figures. This is a print on demand report.

Share your knowledge of this product with other customers... Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
 About Us
 Become an Affiliate
 Privacy Policy
 Send Us Feedback
Company Info | Advertising | Product Index | Category Index | Help | Terms of Use
Copyright � 2004 Diane Publishing Company. All Rights Reserved.
Built with Volusion