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  1. 1. Do Banks Suffer From Stigmatization In Equity Capital Markets?

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Författare :Maximilian Pagel; [2018]
    Nyckelord :Federal Reserve Liquidity Programs; Financial Crisis; Stigma;

    Sammanfattning : This Master's Thesis investigates which effect the Federal Reserve's release of detailed Discount Window transaction data on March 31, 2011 had on the borrowing banks' stock performance. Three sets of event studies indicate that those banks did not experience negative abnormal stock returns, rejecting the hypothesis that, in equity capital markets, there is a negative stigma attached to borrowing under the Discount Window facility. LÄS MER