Show simple item record

dc.contributor.authorSimpson, John
dc.identifier.citationSimpson, John (2007) The effects of extreme political acts and political risk on international banking systems., Working Paper Series: no. 2007-5, Curtin University of Technology, Centre for Research in Applied Economics.

This study supports existing evidence of adverse domestic and international economic and financial spillover effects of extreme political acts. The relationship between the variables in the model is greater after the 9/11 event than before;the effects are greater in developed compared to developing banking systems: and the adverse effects had not dissipated in period of relative stability up to late 2004. In addition, USA political risk-adjusted banking returns together with world-banking system returns add new information in explaining country-banking system political risk-adjusted returns. This evidence should be heeded by risk managers and bank regulators in calculations of capital adequacy benchmarks to mitigate systemic flow-on effects.

dc.subjectpolitical risk
dc.subjectbanking returns
dc.titleThe effects of extreme political acts and political risk on international banking systems.
dc.typeWorking Paper
dcterms.source.seriesWorking Paper Series
curtin.departmentCentre for Research in Applied Economics
curtin.accessStatusOpen access
curtin.facultyCurtin Business School
curtin.facultySchool of Economics and Finance

Files in this item


This item appears in the following Collection(s)

Show simple item record