Information asymmetry in US banks and the 2009 bank stress test

Margot Quijano

Economics Letters, 2014, vol. 123, issue 2, 203-205

Abstract: I examine if the 2009 bank stress test conducted by the Federal Reserve conveyed new information to investors. By analyzing bank bond returns, I show that the announcement of the bank stress test results mitigated information asymmetries in US banks.

Keywords: US banks; 2009 bank stress test; Asymmetric information (search for similar items in EconPapers)
JEL-codes: G1 G2 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:123:y:2014:i:2:p:203-205

DOI: 10.1016/j.econlet.2014.02.014

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