Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?

Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?
This paper analyzes through what channels the euro crisis has affected firm valuations globally. It examines stock price responses over the past year for 3045 non-financial firms in 16 countries to three key crisis events. Using pre-crisis benchmarks, it separates effects arising from changes in external financing and trade conditions and examines READ MORE...

Publication date: September 2011
ISBN 9781463904951
$18.00

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