Could sub-debts of banks be potential tools for supervision? Empirical study with data set 1999-2007.

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dc.contributor.advisorVanHoose, David D.
dc.contributor.authorZhang, Lin, 1983-
dc.contributor.departmentEconomics.en
dc.contributor.otherBaylor University. Dept. of Economics.en
dc.date.accessioned2008-06-11T12:21:33Z
dc.date.available2008-06-11T12:21:33Z
dc.date.copyright2008-05
dc.date.issued2008-06-11T12:21:33Z
dc.descriptionIncludes bibliographical references (p. 52-53).en
dc.description.abstractMost previous research has discussed how spreads of sub-debts could be tools to signal the risks of banks. However, studies have focused on data preceding 1999, when the Financial Modernization Act (FMA) has not yet been implemented. In this thesis, I will concentrate on evaluating if the spreads of sub-debts could still serve as signals for the risks of banks after the implementation of FMA. From the results of regression I find that the spreads of sub-debts could still signal risks of banks in the post-FMA period. Compared to previous studies, I got different results about the effects of market leverage and logarithm of total assets on sub-debts spreads. Profitability of banks, ROA and ROE, has opposite influences on the spreads, and capital ratios have insignificant effects. Further, sub-debt spreads achieve their highest values before the 2001 recession and decreased after that. The information content of sub-debt yield spreads changes in the non-preferred economic conditions, such as recessions.en
dc.description.degreeM.S.Eco.en
dc.description.statementofresponsibilityBy Lin Zhang.en
dc.format.extentvii, 53 p. : ill.en
dc.format.extent2731106 bytes
dc.format.extent582441 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/2104/5183
dc.language.isoen_USen
dc.rightsBaylor University theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. Contact librarywebmaster@baylor.edu for inquiries about permission.en
dc.rights.accessrightsBaylor University access onlyen
dc.subjectSubordination agreements (Finance)en
dc.subjectBanking law --- United States.en
dc.subjectFinancial institutions -- Law and legislation --- United States.en
dc.subjectBanks and banking --- United States.en
dc.titleCould sub-debts of banks be potential tools for supervision? Empirical study with data set 1999-2007.en
dc.typeThesisen

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