The effects of Bundesbank discount and Lombard rate changes on German bank stocks

We investigate whether Bundesbank interest rate changes convey information to investors about future financial market and economic conditions, especially as they affect banking and bank equities. We find that increases in Bundesbank discount and Lombard rates are associated with negative abnormal re...

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Veröffentlicht in:	Journal of multinational financial management 1997-04, Vol.7 (1), p.1-25
Hauptverfasser:	Kaen, Fred R., Sherman, Heidemarie C., Tehranian, Hassan
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank rates Bank stocks Banks Bundesbank Central bank discount rates Central banks Deutsche Bundesbank Financial management Germany Stocks
Online-Zugang:	Volltext
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