Ciccarelli, Matteo; Garcia, Juan Angel - 2009
therefore similar to the analysis of movements in BEIRs based on
event studies (see for instance G�rkaynak, Levin and Swanson …, 2006), but there are also
at least three important di�erences. First, while event-studies focus on BEIR changes
during very … conditions.
Second, in contrast to the static approach of the overwhelming majority of event-studies,
our framework allows to …