| Description |
1 online resource (34 pages) : color illustrations. |
|
text file |
| Series |
IMF working paper ; WP/15/271
|
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IMF working paper ; WP/15/271.
|
| Note |
"December 2015." |
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"Research Department." |
| Bibliography |
Includes bibliographical references (pages 20-21). |
| Summary |
Annual stress tests have become a regular part of the supervisors' toolkit following the global financial crisis. We investigate their capital market implications in the United States by looking at price and trade reactions, information asymmetry and uncertainty indicators, and bank activities. The evidence we present supports the notion that there is important new information in stress tests, especially at times of financial distress. Moreover, public disclosure seems to help reduce informational asymmetries. Importantly, public disclosure of stress test results (and methodology) does not seem to have reduced private incentives to generate information or to have led to distorted incentives.--Abstract. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Global Financial Crisis (2008-2009) |
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Economic security -- United States -- Testing.
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Economic security. |
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United States. |
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Testing. |
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Global Financial Crisis, 2008-2009.
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Uncertainty.
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Uncertainty. |
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Information asymmetry.
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Information asymmetry. |
| Chronological Term |
2008-2009 |
| Genre/Form |
Electronic books.
|
| Added Author |
Igan, Deniz (IMFstaff), author.
|
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Pinheiro, Marcelo, author.
|
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International Monetary Fund. Research Department.
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| ISBN |
1513524968 |
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9781513524962 |
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1513537407 |
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9781513537405 |
| ISSN |
1018-5941 |
| Standard No. |
10.5089/9781513537405.001 |
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