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Pure Contagion Effects in International Banking: The Case of BCCI failure

Kanas, Angelos (2005) Pure Contagion Effects in International Banking: The Case of BCCI failure. Journal of Applied Economics, 8 (1). pp. 101-123. ISSN 1514-0326. (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:41159)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
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Abstract

We test for pure contagion effects in international banking arising from the failure of the Bank of Credit and Commerce International (BCCI), one of the largest bank failures in the world. We focused on large individual banks in three developed countries where BCCI had established operations, namely the UK, the US, and Canada. Using event study methodology, we tested for contagion effects using time windows surrounding several known BCCI-related announcements. Our analysis provides strong evidence of pure contagion effects in the UK, which have arisen prior to the official closure date. In contrast, there is no evidence of pure contagion effects in the US and Canada.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Divisions > Kent Business School - Division > Kent Business School (do not use)
Depositing User: Tracey Pemble
Date Deposited: 22 May 2014 15:00 UTC
Last Modified: 16 Nov 2021 10:16 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/41159 (The current URI for this page, for reference purposes)

University of Kent Author Information

Kanas, Angelos.

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