Publication
When two banks fall, how do markets react?
| dc.contributor.author | Almeida, Dora | |
| dc.contributor.author | Dionísio, Andreia | |
| dc.contributor.author | Ferreira, Paulo Jorge Silveira | |
| dc.date.accessioned | 2024-04-24T12:32:36Z | |
| dc.date.available | 2024-04-24T12:32:36Z | |
| dc.date.issued | 2023-12-15 | |
| dc.date.updated | 2024-04-22T15:27:37Z | |
| dc.description.abstract | The most recent fall of the Silicon Valley (SVB) and Credit Suisse (CS) banks increased the fear of a worldwide banking crisis. We analyse the impacts of their fall on five financial indices. We apply detrended fluctuation analysis, static and with sliding windows. We find a higher impact of the SVB fall on the efficiency dynamic of the studied indices, which revealed fluctuating efficiency and a loss of efficiency during the period of the falls. The fall of both banks contributed to some persistence in stock indices returns. The Nasdaq and STOXX Europe 600 Banks are the most and the least efficient indices, respectively. Despite the apparent evidence of inefficiency, it might not necessarily mean a capacity for abnormal profits. | pt_PT |
| dc.description.version | N/A | pt_PT |
| dc.identifier.doi | 10.17811/ebl.12.4.2023.331-341 | pt_PT |
| dc.identifier.slug | cv-prod-3444585 | |
| dc.identifier.uri | http://hdl.handle.net/10400.26/50722 | |
| dc.language.iso | N/A | pt_PT |
| dc.relation | Research Center for Endogenous Resource Valorization | |
| dc.relation | Center for Advanced Studies in Management and Economics | |
| dc.subject | Bank fall | pt_PT |
| dc.subject | Credit Suisse Bank | pt_PT |
| dc.subject | Detrended fluctuation analysis | pt_PT |
| dc.subject | Silicon Valley Bank | pt_PT |
| dc.subject | Sliding windows | pt_PT |
| dc.title | When two banks fall, how do markets react? | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.awardTitle | Research Center for Endogenous Resource Valorization | |
| oaire.awardTitle | Center for Advanced Studies in Management and Economics | |
| oaire.awardURI | info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F05064%2F2020/PT | |
| oaire.awardURI | info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04007%2F2020/PT | |
| oaire.citation.title | Economics and Business Letters | pt_PT |
| oaire.fundingStream | 6817 - DCRRNI ID | |
| oaire.fundingStream | 6817 - DCRRNI ID | |
| person.familyName | Fortes de Almeida | |
| person.familyName | Dionisio | |
| person.familyName | Ferreira | |
| person.givenName | Dora Maria | |
| person.givenName | Andreia | |
| person.givenName | Paulo | |
| person.identifier | AAT-3650-2021 | |
| person.identifier.ciencia-id | 181D-7395-0348 | |
| person.identifier.ciencia-id | 6B1B-238E-A3E7 | |
| person.identifier.ciencia-id | B513-B46A-E5F3 | |
| person.identifier.orcid | 0000-0003-0224-8635 | |
| person.identifier.orcid | 0000-0002-4289-9312 | |
| person.identifier.orcid | 0000-0003-1951-889X | |
| person.identifier.rid | P-9622-2016 | |
| person.identifier.scopus-author-id | 35745865300 | |
| project.funder.identifier | http://doi.org/10.13039/501100001871 | |
| project.funder.identifier | http://doi.org/10.13039/501100001871 | |
| project.funder.name | Fundação para a Ciência e a Tecnologia | |
| project.funder.name | Fundação para a Ciência e a Tecnologia | |
| rcaap.cv.cienciaid | 181D-7395-0348 | Dora Maria Fortes de Almeida | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
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