The effect of IMF bailout announcements on bank security returns.
Teo, Jasmine Min Hui.
Yeo, Agnes Wee Ling.
Date of Issue1999
College of Business (Nanyang Business School)
In this paper, we examine the effect of IMF bailout announcements on bank security returns. Standard event study methodology is applied to a sample of twenty-one banks from four countries, namely Singapore, Japan, Thailand and Indonesia to detect the presence of significant abnormal returns surrounding the bailout announcements. The study finds mixed results on the announcement effects on creditor (Singapore and Japanese) banks’ security returns.
Final Year Project (FYP)
Nanyang Technological University