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Bank Valuation - INSEAD

1Smirlock (1984) deals with deposit rate deregulation. Flannery and James (1984) and Yourougou (1990) deal with unexpected changes of interest rates on banks’ stock returns. Flannery (1981) looks at accounting returns. Samuelson (1945) focuses on the market value of equity and on the duration mismatch between assets and liabilities.

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The Annals of - INSEAD

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