Silva, Paulo Pereira da; Rebelo, Paulo Tomaz; Afonso, … - 2013
with a "too-big-to-fail" effect. Second, the authors do not detect structural breaks in the dependence structure in a … returns may reside in the "too-big-to fail" effect, that is, credit holders receive a subsidy from governments protecting them … means that, surprisingly, the association between stock prices and spreads of the banking sector does not seem to surge in …