The announcement effects of less-developed countries debt reduction plans and the stock returns

Dar-Hsin Chen
March 1999
International Journal of Management;Mar1999, Vol. 16 Issue 1, p21
Academic Journal
Focuses on the stock market reaction of United States money center banks to the Brady Plan announcement on March 10, 1989. Background of the international debt crisis and the relief packages; Positive effects of the Plan on the share prices of the money center banks with exposures to debt of less-developed countries.


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