Was the 2007 crisis really a global banking crisis?

Choudhry Tanveer Shehzad and Jakob de Haan

The North American Journal of Economics and Finance, 2013, vol. 24, issue C, 113-124

Abstract: We argue that the 2007 crisis was not a global banking crisis. Stock prices of banks in emerging countries faced a temporary shock but quickly recovered, while stock prices of banks located in industrial countries remained much lower than before the 2007 crisis. Our results also suggest that stock prices of large banks were affected more during the crisis than those of small banks. We also find that managerial efficiency, loan quality, leverage, and the volume of outstanding loans affect bank stock prices.

Keywords: Financial crises; Bank stock prices; Bank size; Bank strategy (search for similar items in EconPapers)
JEL-codes: G12 G21 G32 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecofin:v:24:y:2013:i:c:p:113-124

DOI: 10.1016/j.najef.2012.04.002

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