Sovereign default risk and depositor behavior : the case of Greece

Fil: Picorelli, Julieta Laura. Universidad de San Andrés. Departamento de Economía; Argentina.

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Detalles Bibliográficos
Autor principal:	Picorelli, Julieta Laura
Otros Autores:	Martínez Peria, María Soledad
Formato:	Tesis Tesis de maestría updatedVersion
Lenguaje:	Inglés
Publicado:	Universidad de San Andrés. Departamento de Economía 2014
Materias:	Bank deposits > Greece > Statistical methods. Country risk > Greece > Statistical methods. Financial crises > Greece > Statistical methods. Depósitos bancarios > Grecia > Métodos estadísticos. Riesgo país > Grecia > Métodos estadísticos. Crisis financieras > Grecia > Métodos estadísticos.
Acceso en línea:	http://hdl.handle.net/10908/2512 http://hdl.handle.net/10908/2512
Aporte de:	Repositorio Digital - Universidad de San Andrés (UdeSa) de Universidad de San Andrés

id	I37-R143-10908-2512
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spelling	I37-R143-10908-25122022-11-30T20:36:45Z Sovereign default risk and depositor behavior : the case of Greece Picorelli, Julieta Laura Martínez Peria, María Soledad Bank deposits -- Greece -- Statistical methods. Country risk -- Greece -- Statistical methods. Financial crises -- Greece -- Statistical methods. Depósitos bancarios -- Grecia -- Métodos estadísticos. Riesgo país -- Grecia -- Métodos estadísticos. Crisis financieras -- Grecia -- Métodos estadísticos. Fil: Picorelli, Julieta Laura. Universidad de San Andrés. Departamento de Economía; Argentina. This thesis studies the effect of the Greek macroeconomic crisis on depositors’ behavior. It briefly describes the evolution of the Greek crisis and then formally tests the main hypothesis that during that period depositors react more to sovereign risk than to the idiosyncratic indicators of bank health. Using a quarterly panel dataset of Greek banks from June 2005 to September 2012, this paper finds that the withdrawal of deposits at the outbreak of the crisis can be mainly explained by the country risk variable, represented by sovereign spreads, controlling for bank-specific characteristics. Market discipline is also present, especially in the pre-crisis period. These results are consistent with the existing literature and robust to different estimation methods and macroeconomic risk variables. 2014-05-26T16:23:13Z 2014-05-26T16:23:13Z 2013-07 Tesis info:eu-repo/semantics/masterThesis info:ar-repo/semantics/tesis de maestría info:eu-repo/semantics/updatedVersion Tesis M. Eco. 83 http://hdl.handle.net/10908/2512 http://hdl.handle.net/10908/2512 eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf Universidad de San Andrés. Departamento de Economía
institution	Universidad de San Andrés
institution_str	I-37
repository_str	R-143
collection	Repositorio Digital - Universidad de San Andrés (UdeSa)
language	Inglés
topic	Bank deposits -- Greece -- Statistical methods. Country risk -- Greece -- Statistical methods. Financial crises -- Greece -- Statistical methods. Depósitos bancarios -- Grecia -- Métodos estadísticos. Riesgo país -- Grecia -- Métodos estadísticos. Crisis financieras -- Grecia -- Métodos estadísticos.
spellingShingle	Bank deposits -- Greece -- Statistical methods. Country risk -- Greece -- Statistical methods. Financial crises -- Greece -- Statistical methods. Depósitos bancarios -- Grecia -- Métodos estadísticos. Riesgo país -- Grecia -- Métodos estadísticos. Crisis financieras -- Grecia -- Métodos estadísticos. Picorelli, Julieta Laura Sovereign default risk and depositor behavior : the case of Greece
topic_facet	Bank deposits -- Greece -- Statistical methods. Country risk -- Greece -- Statistical methods. Financial crises -- Greece -- Statistical methods. Depósitos bancarios -- Grecia -- Métodos estadísticos. Riesgo país -- Grecia -- Métodos estadísticos. Crisis financieras -- Grecia -- Métodos estadísticos.
description	Fil: Picorelli, Julieta Laura. Universidad de San Andrés. Departamento de Economía; Argentina.
author2	Martínez Peria, María Soledad
author_facet	Martínez Peria, María Soledad Picorelli, Julieta Laura
format	Tesis Tesis de maestría Tesis de maestría updatedVersion
author	Picorelli, Julieta Laura
author_sort	Picorelli, Julieta Laura
title	Sovereign default risk and depositor behavior : the case of Greece
title_short	Sovereign default risk and depositor behavior : the case of Greece
title_full	Sovereign default risk and depositor behavior : the case of Greece
title_fullStr	Sovereign default risk and depositor behavior : the case of Greece
title_full_unstemmed	Sovereign default risk and depositor behavior : the case of Greece
title_sort	sovereign default risk and depositor behavior : the case of greece
publisher	Universidad de San Andrés. Departamento de Economía
publishDate	2014
url	http://hdl.handle.net/10908/2512 http://hdl.handle.net/10908/2512
work_keys_str_mv	AT picorellijulietalaura sovereigndefaultriskanddepositorbehaviorthecaseofgreece
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Sovereign default risk and depositor behavior : the case of Greece

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