We try to detect contagion effects within the Swiss banking sector by examining the impact of the Russian debt moratorium on Swiss banks' stock prices. In a first step, using event study methodology, we compute Swiss banks' stock returns for a number of events related to the Russian moratorium....

This paper evaluates the reduction of credit risk that can be achieved in Switzerland by a national diversification of bank lending. Using a credit risk model based on corporate default rates, I find that the risk of a nationally diversified loan portfolio is up to 20% smaller than the sum of...

Dans cet article, nous tentons de mesurer le niveau de concurrence dans le secteur bancaire suisse à l'aide du modèle de PANZAR et ROSSE. Selon nos estimations, les hypothèses de monopole et de concurrence parfaite peuvent être rejetées pour la période 1987-1994, au profit de l'hypothèse...