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

Colin R Mckenzie, Sumiko Takaoka

Research output: Contribution to journalArticle

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)529-538
Number of pages10
JournalMathematics and Computers in Simulation
Volume68
Issue number5-6
DOIs
Publication statusPublished - 2005 May 26

Fingerprint

Deregulation
Restriction
Financial markets
Market
Banks
Corporate bonds
Bond market
Underwriting
Japanese banks
Evidence

Keywords

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

ASJC Scopus subject areas

  • Information Systems and Management
  • Control and Systems Engineering
  • Applied Mathematics
  • Computational Mathematics
  • Modelling and Simulation

Cite this

Deregulation of bank underwriting activities : Impacts in the Euro-yen and Japanese corporate bond markets. / Mckenzie, Colin R; Takaoka, Sumiko.

In: Mathematics and Computers in Simulation, Vol. 68, No. 5-6, 26.05.2005, p. 529-538.

Research output: Contribution to journalArticle

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