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Financial Innovation
Fig. 1 | Financial Innovation

Fig. 1

From: The impact of monetary policy interventions on banking sector stocks: an empirical investigation of the COVID-19 crisis

Fig. 1

A 5-Day Event Study Timeline, where the event date is equal to t0, being the date of the announcement of a new monetary policy and t (− 1, +3) indicates 1-day previous, to 3-days post announcement. An estimation period of 252 days or one calendar trading year was chosen to calculate the average normal returns and standard deviation of the banking stocks prior to the announcement date

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