publication . Research . Preprint . 1993

Bank share prices and profitability

Dan Daugaard; Tom Valentine;
Open Access
  • Published: 01 Aug 1993
Abstract
This paper considers the influence of economic conditions and financial markets on Australian bank share prices and profitability. It uses time series analysis to obtain an indication of the effectiveness of banks in managing their exposure to interest rates and exchange rates. The results give rise to some comments on the extent to which banks actively manage their exposure to financial and economic variables. The discussion of risk management activities necessarily raises the question of how recent regulatory initiatives will affect bank behaviour in these areas.
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