Stock markets react strongly to news about Greek bailouts, says Netherlands Bank paper
News about Greece does not lead to abnormal stock returns, while news about a bailout does, even for banks without any exposure to Greece or other highly indebted euro countries, according to a Netherlands Bank paper published on February 8.
Mark Mink and Jakob de Haan, the paper's authors, used data for 48 banks included in the European stress tests to examine the impact of news about Greece and news about a Greek bailout on bank stock prices in 2010. They identified 20 days when there were
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