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dc.contributor.authorFurnes, Anders
dc.date.accessioned2014-01-24T09:16:29Z
dc.date.available2014-01-24T09:16:29Z
dc.date.issued2013
dc.identifier.urihttp://hdl.handle.net/11250/170204
dc.description.abstractIn this thesis the determinants of market-to-book ratio on European banks from 1987 - 2012 is analyzed with focus on determining whether European banks are under a too-big-to-fai protection, or if they are too big to save. The thesis argues that European banks on average trades with a relative premium due to too-big-to-fail protection, and that the largest and most systemic banks are priced lower than its less systemic peers, possibly through being too big to save. This tendency is strengthened in the years after 2008. These results are found by implementing the empirical approach introduced by Demirgüç-Kunt and Huizinga (2012) on my dataset of bank- and country-specific variables on European banks from 1987 - 2012no_NO
dc.language.isoengno_NO
dc.subjectfinancial economics
dc.titleToo Big to Fail or Too Big to Save? : evidence from European bank equity prices from 1987 – 2012no_NO
dc.typeMaster thesisno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Business: 213no_NO


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