search query: @author Boyle, G.W. / total: 3
reference: 2 / 3
| Author: | Bartholdy, J. Boyle, G.W. Stover, R.D. |
| Title: | Deposit insurance and stock market: Evidence from Denmark |
| Journal: | European Journal of Finance
2004 : DEC, VOL 10:6 568-578 |
| Index terms: | Deposit Insurance Denmark USA |
| Freeterms: | Bank regulation |
| Language: | eng |
| Abstract: | Earlier studies of the relationship between deposit insurance and bank market values have usually been limited to consideration of minor changes in bank regulations, but the 1987 initiation of deposit insurance in Denmark permits examination of a potentially major policy shift. It is found that the market values of large Danish banks exhibited a modest positive reaction to the announcement of insurance, but the small risky banks responded negatively. These results partially contrast with those previously found for the USA, an outcome that seems likely to reflect the interaction of deposit insurance with the particular characteristics of the pre-existing Danish regulatory system. |
SCIMA