Show simple item record

dc.contributor.authorSimpson, John
dc.contributor.editorProf. Dr. Mehmet Baha Karan, Dr. Ozgur Arslan
dc.date.accessioned2017-01-30T11:48:37Z
dc.date.available2017-01-30T11:48:37Z
dc.date.created2015-03-03T20:13:47Z
dc.date.issued2008
dc.identifier.citationSimpson, J. 2008. Expert political risk opinions and banking system returns: a revised banking market model, in Prof. Dr. Mehmet Baha Karan, Dr. Ozgur Arslan (ed), 2nd International Credit Risk and Rating Conference, May 8 2008, pp. 84-96. Hacettepe University, Ankara, Turkey: Sonsoz Matbaacilik LTD. STI..
dc.identifier.urihttp://hdl.handle.net/20.500.11937/15227
dc.description.abstract

Human behaviour in banking and financial systems is in part made up of a complex mix of political, social and cultural factors. These factors are reflected in expert opinion based political risk scores. Market inefficiency is largely a result of anomalies in human behaviour causing information asymmetries. A basic systemic market model is re-specified into a model for international banking systems, which controls for pure political risk. Samples of developed and developing banking systems are examined. Political risk factors and world banking returns are exogenous in models of country-banking system returns. New political information assists in explaining banking system stock returns. The findings should be of interest to investors in banking stocks. Banking regulators may be assisted in decisions on appropriate levels of regulatory capital as a benchmark for banking systems. The model could help to anticipate financial crises.

dc.publisherSonsoz Matbaacilik LTD. STI.
dc.subjectand risk scores
dc.subjectPolitical risk
dc.subjectexogeneity
dc.subjectinternational banking market model
dc.titleExpert political risk opinions and banking system returns: a revised banking market model
dc.typeConference Paper
dcterms.source.startPage84
dcterms.source.endPage96
dcterms.source.titleProceedings of 2nd international credit risk and rating conference
dcterms.source.seriesProceedings of 2nd international credit risk and rating conference
dcterms.source.isbn978-9944-62-642-2
dcterms.source.conference2nd International Credit Risk and Rating Conference
dcterms.source.conference-start-dateMay 8 2008
dcterms.source.conferencelocationHacettepe University, Ankara, Turkey
dcterms.source.placeAnkara, Turkey
curtin.departmentSchool of Economics and Finance
curtin.accessStatusFulltext not available


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record