The June 1989 Regulatory Mandated Argentinean Loan Write-offs and US Bank Security Returns: An Empirical Investigation

This study examines the stock market reactions to an involuntary adjustment to loan-loss reserves by the write-downs of Argentinean loans by major banks with Argentinean loan exposure. This event has escaped investigation in the empirical literature of the LDC debt crisis. A seemingly unrelated regr...

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