Name: Finance and Economics Discussion Series: Using Subordinated Debt to Monitor Bank Holding Companies: Is It Feasible (en Inglés)
Price: 35.09 USD
Availability: InStock
Author: Hancock, Diana ; Kwast, Myron L. ; United States Federal Reserve Board
ISBN: 9781288716487

portada Finance and Economics Discussion Series: Using Subordinated Debt to Monitor Bank Holding Companies: Is It Feasible (en Inglés)

Formato

Libro Físico

Autor

Diana Hancock

United States Federal Reserve Board

Myron L. Kwast

Editorial

Bibliogov

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

24.6 x 18.9 x 0.3 cm

Peso

0.11 kg.

ISBN13

9781288716487

Categorías

Política y gobierno

Finance and Economics Discussion Series: Using Subordinated Debt to Monitor Bank Holding Companies: Is It Feasible (en Inglés)

Diana Hancock (Autor) · United States Federal Reserve Board (Autor) · Myron L. Kwast (Autor) · Bibliogov · Tapa Blanda

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Reseña del libro "Finance and Economics Discussion Series: Using Subordinated Debt to Monitor Bank Holding Companies: Is It Feasible (en Inglés)"

Much research is needed to implement a supervisory surveillance system for banking organizations that relies on subordinated debt and other market data. This paper is germane to that task. We find subordinated debt spreads are most consistent across data sources for the most liquid bonds (i.e., those of relatively large issuance size, relatively young age, issued by relatively large firms) traded in a relatively robust overall bond market. We also find there is a high degree of concordance in rankings of firms by their minimum spreads across bonds with especially strong agreement about which large firms are in the tails of the spread distribution at each point in time. Our time-series results support and provide guidance for the use of subordinated debt spreads in supervisory monitoring, support the need for careful judgment when interpreting such spreads, highlight difficulties with currently available data sources, and motivate the need for further research.