MODSIM 2003: INTERNATIONAL CONGRESS ON MODELLING AND SIMULATION, VOLS 1-4 3 1463-1468 2003年 [査読有り]
The purpose of this paper is to examine the impact of three events on spreads on yen denominated bonds issued in the Euromarket by Japanese firms. The three events are: the entry of banks as underwriters in the Japanese corporate bond market; the ...
MODSIM 2003: INTERNATIONAL CONGRESS ON MODELLING AND SIMULATION, VOLS 1-4 3 1457-1462 2003年 [査読有り]
The 1993 Japanese financial system reform allowed banks to provide underwriting services in the domestic market for corporate bonds through bank-owned security subsidiaries. This paper explores how competition resulting from bank entry affected un...