Market response to policy initiatives during the global financial crisis

By Yacine Aït-Sahalia, Jochen R. Andritzky, A. Jobst, S. Nowak, Natalia T. Tamirisa. 2012

274 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/e2abb1502f2b598d5f6abbca6dd816e1146ff80f

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Citations in the corpus

Uncertainty about Government Policy and Stock Prices (2012, background): “Ait-Sahalia et al. (2010) investigate the effects of policy changes during the recent financial crisis on interbank credit and liquidity risk premia.”
Contagion and Banking Crisis - International Evidence for 2007-2009 (2015, background): “The empirical literature documents that the policy initiatives were largely effective in reducing the systemic nature of the crisis (Ait-Sahalia et al., 2012; Klyuev et al., 2009).”
The impact of monetary policy announcements on the stock price of large European banks during the financial crisis (2015, methodology): “…knowledge, the only paper focusing on the effect of both conventional and non- conventional monetary policy announcements over the crisis period is the one by Aït-Sahalia et al. (2012), a broad study assessing the impact on the credit market of a wide set of policy measures in various countries.”
Can Leading Indicators Assess Country Vulnerability? Evidence from the 2008-09 Global Financial Crisis (2012, background): “Bruggemann and Linne (1999), and Osband and Rijckeghem (2000); and Goldfajn and Valdes (1998), Esquivel and Larrain (1998), Apoteker and Barthelemy (2000), and Rose and Spiegel (forthcoming); Rose and Spiegel, 2010, 2011). 5 Examples include Ghosh and Ghosh (2003) and Grier and Grier (2001), respect”
Over the Cliff: From the Subprime to the Global Financial Crisis (2011, methodology): “Using a similar event-study methodology, Ait-Sahalia et al.(2010) find that liquidity provision in not only the United States, but also in the United Kingdom and Japan, did help lower interbank risk premiums.”
Monetary Policy Strategy: Lessons from the Crisis (2011, unknown): “Using a similar event-study methodology, Ait-Sahalia et al.(2010) find that liquidity provision in not only the United States, but also in the United Kingdom and Japan, did help lower interbank risk premiums.”
The large scale asset purchases had large international effects (2010, unknown): “Aït-Sahalia et al. (2012) take the broadest view of financial crisis policy interventions by looking at pooled and unpooled effects of different types of interventions —i.e., interest rate cuts, liquidity support, liability guarantees, and recapitalization —across countries.”