Does the disclosure of stress test results affect market behaviour?

Aurea Marques, Cosimo Pancaro, Agha Durrani, Giacomo Giraldo, Jiri Panos and Alina Zaharia

Macroprudential Bulletin, 2022, vol. 17

Abstract: The publication of stress test results improves transparency and market discipline. It promotes financial stability by generating new information, thus improving the ability of markets to discriminate between banks. The results of this analysis confirm the certification role of stress tests. JEL Classification: G11, G14, G21, G28

Keywords: Excess return; Financial stability; Information; Stock markets; Stress testing; Volatility (search for similar items in EconPapers)
Date: 2022-06
Note: 3594456
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Citations: View citations in EconPapers (4)

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