The credit view, financial announcements and interest rate responses
Article Abstract:
The traditional monetarist view is upheld over the credit view as shown by the non-effects of business loan announcements of commercial banks on market interest rates. Credit view proponents have argued that aggregate commercial bank lending decisions have strong macroeconomic effects while the monetarist view holds that it is sufficient to consider the liability side of the banking sectors's balance sheet in analyzing economic outlook. Unexpected money supply developments, however, are found to cause interest rate adjustments. Several limitations of this study are spelled out, though.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 1992
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Share repurchase tender offers and bid-ask spreads
Article Abstract:
Issues concerning the market microstructure are discussed with emphasis on the effect of share repurchase tender offers on it. A study of bid-ask spread reveals that it reduces temporarily during the offer period.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2001
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Market risk and the concept of fundamental volatility: Measuring volatility across asset and derivative markets and testing for the impact of derivatives markets on financial markets
Article Abstract:
Volatility as a measure of risk is proposed for asset and derivative markets.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2000
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