This study examines empirically whether the stock price crash risk of euro area banks’ is affected by crisis sentiment during the period 2004-2020. We introduce a diverse set of crisis sentiment aspects, including communication and investors’ focus of attention to market wide sentiment. We...

This study empirically examines whether the stock price crash risk of euro area banks is affected by crisis sentiment during the period 2004-2020. We introduce a diverse set of crisis sentiment aspects, including communication and investors’ focus of attention to market wide sentiment. We...

Monetary policy actions (conventional and unconventional) are important events that are expected to affect asset prices, especially during periods of financial turmoil. Although many studies examine their effect on asset prices there is a lack of empirical evidence on their impact on investor...

During the recent financial crisis, numerous EU officials, market participants and the media suggested that irrational herding was a key factor for the financial turmoil and the soaring yield spreads. In this paper we test for evidence of herd behavior in European government bond prices and,...

We link senior banks loan officers’ responses regarding their decisions for bank credit standards, from successive surveys from the European Bank Lending Survey to investigate two important issues. First, we examine the relationship between bank credit standards (CS) and perceived and actual...

We link senior banks loan officers' responses regarding their decisions for bank credit standards, from successive surveys from the European Bank Lending Survey to investigate two important issues. First, we examine the relationship between bank credit standards (CS) and perceived and actual...