Analysis of the Rule of Credit Rating Institutions in the Formation of Subordinated Debts Crisis and Its Implications 信用评级机构在次级债危机形成中的角色解析
Effects of Legal Minimal Capital Requirement on the Market Discipline of Subordinated Debts 法定最低资本要求对次级债市场约束的影响
A commercial bank may also issue subordinated term debts by way of private placement in accordance with applicable rules and policies issued by the CBRC. 商业银行也可以私募方式募集次级定期债务,商业银行募集次级定期债务应遵循中国银行业监督管理委员会发布的相关规定。
Approved standby subordinated loan facility credit qualifying for bad debts reserve 核准备用后偿贷款融通应提存坏帐准备的贷款
Thirdly, this paper builds the theory model of market discipline of subordinated debts. 然后,构建商业银行次级债市场约束作用的理论模型。
And we introduce the explicit deposit insurance system and the implicit state guarantee system respectively into the yield spreads model to study the market discipline of subordinated debts, and comparatively analyze the weaken effect of implicit state guarantee on the market discipline effect of subordinated debts. 分别将显性存款保险制度和政府隐性担保制度引入次级债利差模型中,研究次级债的市场约束作用,并对比分析政府隐性担保是否弱化次级债的市场约束作用。
Secondly, we test the market supervision effect and market impact effect of subordinated debts issued by commercial banks in China. 第二,实证检验中国商业银行次级债的市场监督作用和市场影响作用。
Secondly, we analyze the development of domestic commercial banks in subordinated debt status quo. Basing on Chinese subordinated debts of the development, we can divide it into three stages. 其次分析了国内商业银行次级债发展现状,依据我国商业银行不同时段的发行情况将我国次级债的发展分为三个阶段。
Subordinated debts of commercial banks, as a new means of financing, are becoming popular increasingly. 商业银行次级债作为一种新兴的融资手段,从2009年各大银行密集发行次级债可以看出,其日益受到商业银行的青睐。
We define subordinated debts issued by commercial banks and market discipline, and analyze the reasons, mechanism and influencing factors of market discipline of subordinated debts. 界定商业银行次级债和市场约束的概念,剖析商业银行次级债市场约束的产生原因、作用机理和影响因素。