Evidence of Bank Market Discipline in Subordinated Debenture Yields: 1983- 1991

1 September 1996

journal article
Published by JSTOR in The Journal of Finance

Vol. 51 (4) , 1347
https://doi.org/10.2307/2329397

Abstract

We examine debenture yields over the period 1983-1991 to evaluate the market's sensitivity to bank-specific risks, and conclude that investors have rational...

Keywords

EVIDENCE
INVESTORS
MARKET'S
DEBENTURE
BANK MARKET DISCIPLINE
DISCIPLINE IN SUBORDINATED

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