Catálogo de publicaciones - tesis
Título de Acceso Abierto
Sovereign default risk and depositor behavior: the case of Greece
Julieta Laura Picorelli María Soledad Martínez Peria
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Resumen/Descripción – provisto por el repositorio digital
"This thesis studies the effect of the Greek macroeconomic crisis on depositors’ behavior. It briefly describes the evolution of the Greek crisis and then formally tests the main hypothesis that during that period depositors react more to sovereign risk than to the idiosyncratic indicators of bank health. Using a quarterly panel dataset of Greek banks from June 2005 to September 2012, this paper finds that the withdrawal of deposits at the outbreak of the crisis can be mainly explained by the country risk variable, represented by sovereign spreads, controlling for bank-specific characteristics. Market discipline is also present, especially in the pre-crisis period. These results are consistent with the existing literature and robust to different estimation methods and macroeconomic risk variables."Palabras clave – provistas por el repositorio digital
Bank deposits; Greece; Statistical methods.; Country risk; Greece; Statistical methods.; Financial crises; Greece; Statistical methods.; Depósitos bancarios; Grecia; Muétodos estadísticos.; Riesgo país; Grecia; Muétodos estadísticos.; Crisis financieras; Grecia; Muétodos estadísticos.
Disponibilidad
| Institución detectada | Año de publicación | Navegá | Descargá | Solicitá |
|---|---|---|---|---|
| No requiere | 2013 | Repositorio Digital San Andrés (SNRD) |
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Información
Tipo de recurso:
tesis
Idiomas de la publicación
- inglés
País de edición
Argentina
Fecha de publicación
2013-07
Información sobre licencias CC
