A Reconsideration of the Risk Sensitivity of U.S. Banking Organization Subordinated Debt Spreads: A Sample Selection Approach

20 Pages Posted: 23 Aug 2005

See all articles by Daniel M. Covitz

Daniel M. Covitz

Federal Reserve Board - Division of Research & Statistics

Diana Hancock

Federal Reserve Board - Division of Research and Statistics

Myron L. Kwast

Federal Reserve Board - Division of Research & Statistics

Abstract

A paper presented at the October 2003 conference "Beyond Pillar 3 in International Banking Regulation: Disclosure and Market Discipline of Financial Firms," cosponsored by the Federal Reserve Bank of New York and the Jerome A. Chazen Institute of International Business at Columbia Business School.

Keywords: bank market discipline, subordinated debt

JEL Classification: G21, G12, G28

Suggested Citation

Covitz, Daniel M. and Hancock, Diana and Kwast, Myron L., A Reconsideration of the Risk Sensitivity of U.S. Banking Organization Subordinated Debt Spreads: A Sample Selection Approach. Economic Policy Review, Vol. 10, No. 2, September 2004. Available at SSRN: https://ssrn.com/abstract=785346

Daniel M. Covitz (Contact Author)

Federal Reserve Board - Division of Research & Statistics ( email )

20th and C Streets, NW
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Washington, DC 20551
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202-452-5267 (Phone)
202-452-5295 (Fax)

Diana Hancock

Federal Reserve Board - Division of Research and Statistics ( email )

20th & C. St., N.W.
Washington, DC 20551
United States
202-452-3019 (Phone)
202-452-5295 (Fax)

Myron L. Kwast

Federal Reserve Board - Division of Research & Statistics

20th and Constitution Avenue NW
Washington, DC 20551
United States
202-452-2909 (Phone)
202-452-3819 (Fax)

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