L'impact comptable de la crise financière sur la volatilité des titres bancaires: Cas de la France, l'Italie et l'Allemagne

Lionel Escaffre () and Réda Sefsaf
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Lionel Escaffre: GRANEM - Groupe de Recherche Angevin en Economie et Management - UA - Université d'Angers - AGROCAMPUS OUEST - Institut National de l'Horticulture et du Paysage
Réda Sefsaf: Centre de recherche - LARGO - UA - Université d'Angers

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Abstract: The recent subprime crisis triggered in the second half of 2006 in the United States has quickly turned into international financial crisis [2007- 2009]. Because of the fair value accounting for financial instruments, Banks and financial intermediaries have been particularly affected. The aim of this paper is to measure the impact of financial crisis on the volatility of banks securities in German, Italian and french financial markets. The empirical results indicate excessive volatility for the three countries during the crisis, Germany is the most affected followed by France and Italy.

Keywords: Financial crisis; subprime; volatility; banks.; IFRS; crise financière; subprimes; volatilité; banques. (search for similar items in EconPapers)
Date: 2010-05-10
Note: View the original document on HAL open archive server: https://hal.science/hal-00481105
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Citations: View citations in EconPapers (2)

Published in Crises et nouvelles problématiques de la Valeur, May 2010, Nice, France. pp.CD-ROM

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00481105

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