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.)

Direct Property and Casualty Insurance Carriers, Surety insurance, Financial Guaranty Insurance, Australia, Insurance, Deposit insurance, Insurance reserves, Certificates of deposit

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Debt reclassification and capital market consequences

Article Abstract:

Effects of debt reclassification on capitalization of business enterprises and value of their stocks are described.

Strategy & planning, Forecasts, trends, outlooks, Methods, Planning, Evaluation, Stocks, Forecasts and trends, Market trend/market analysis, External debt relief, Debt relief, Capital formation, Company business planning, Stock markets, Stock market

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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.

Management dynamics, Management, Company business management, Bank loans

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