Reaction of European Bank Stock Prices to Events of the Asian and Russian Financial Crises
type: Dataset
description: 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.
issued: 2026-05-07T19:40:06.232728
language: en
modified: 2026-05-07T19:40:06.232734
contact point: Organization
  fn: CCSD
keyword: infoeu-reposemanticspreprint
keyword: preprints-working-papers-
keyword: shsecohumanities-and-social-scienceseconomics-and-finance
landing page: https://unilim.hal.science/hal-00918567

Reaction of European Bank Stock Prices to Events of the Asian and Russian Financial Crises
type: Distribution
format: HTML
issued: 2026-05-07T19:40:06.236197
modified: 2026-05-07T19:40:06.226185
access URL: https://unilim.hal.science/hal-00918567

test_moissonnage_selune
type: Agent