Implicit deposit insurance and deposit guarantees: characteristics of Australian bank risk premia
Article Abstract:
This paper examines the hypothesis that CD issue yields of Australian banks incorporate a premium that reflects bank risk. Our empirical analysis of Australian banks' CD premiums suggests the data is consistent with this hypothesis and hence supports the view that CD holders do not perceive their deposits as being risk-free. Nor do we find any statistically significant difference between the premiums paid by private banks with implicit deposit insurance vis-a-vis those paid by government-owned banks with explicit government guarantees. (Reprinted by permission of the publisher.)
Publication Name: Accounting and Finance
Subject: Business
ISSN: 0810-5391
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Debt reclassification and capital market consequences
Article Abstract:
Effects of debt reclassification on capitalization of business enterprises and value of their stocks are described.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
Firm size dependence in the determinants of bank term loan maturity
Article Abstract:
The impact of firm's capital value on bank loans is examined.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Publicity and the regulator: Striking a balance. Mind the cap. E&Y faces Equitable grilling
- Abstracts: Changes in the force development characteristics of muscle following repeated maximum force and power exercise
- Abstracts: Satisfaction emotions and consumer behavioral intentions. The impact of brand trust and satisfaction on retailer repurchase intentions
- Abstracts: The impact of managing director changes and financial distress on audit qualification and auditor switching. The 'Independence' of expert opinions in corporate takeovers: agreeing with directors' recommendations
- Abstracts: The effect of the Private Securities Litigation Reform Act on analyst forecast properties: the impact of firm size and growth opportunities