Subordinated debt as instrument of market discipline: Risk sensitivity of sub-debt yield spreads in UK banking

Author:

Zhang Zhichao,Song WeiORCID,Sun Xin,Shi NanORCID

Publisher

Elsevier BV

Subject

Economics and Econometrics,General Business, Management and Accounting

Reference40 articles.

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2. Market discipline in regulating bank risk: New evidence from the capital markets;Avery;Journal of Money, Credit and Banking,1988

3. Market discipline of banks: Why are yield spreads on bank-issued subordinated notes and debentures not sensitive to bank risks?;Balasubramian;Journal of Banking and Finance,2011

4. Basel Committee of Banking Supervision. (2003). Markets for bank subordinated debt and equity in Basel committee member countries (BCBS Working Paper No. 12).

5. Market discipline and financial stability: Some empirical evidence;Baumann;Financial Stability Review,2003

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