Deregulation of bank underwriting activities: Impacts in the Euro-yen and Japanese corporate bond markets

C. R. McKenzie, Sumiko Takaoka

Research output: Contribution to journalConference article

Abstract

The purpose of this paper is to examine the impact of a 1993 relaxation of the restrictions governing the underwriting operations of Japanese banks on bond issues in the Euro-yen and Japanese corporate bond markets. Evidence is presented to suggest that the relaxation of the restrictions governing the underwriting operations of Japanese banks was associated with a significant fall in spreads in both the Euro-yen and Japanese corporate bond markets.

Original languageEnglish
Pages (from-to)526-535
Number of pages10
JournalMathematics and Computers in Simulation
Volume68
Issue number5-6
DOIs
Publication statusPublished - 2005 May 26
EventFirst Special Issue: Selected Papers of the MSSANZ/IMACS 15th Biennial Conference on Modelling and Simulation -
Duration: 2003 Jul 142003 Jul 17

Keywords

  • Deregulation
  • Euromarket
  • Japanese Bond market
  • Spreads
  • Underwriting

ASJC Scopus subject areas

  • Theoretical Computer Science
  • Computer Science(all)
  • Numerical Analysis
  • Modelling and Simulation
  • Applied Mathematics

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