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The underinvestment hypothesis and off-balance sheet direct credit substitutes

  • Sharpe, Ian G.
  • Tuzun, Tayfun
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    File URL: http://www.sciencedirect.com/science/article/B6VFF-3SX11KC-3/2/8e84f54486713fe3f7d87680bea6fd23
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    Article provided by Elsevier in its journal Pacific-Basin Finance Journal.

    Volume (Year): 5 (1997)
    Issue (Month): 3 (July)
    Pages: 325-344

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    Handle: RePEc:eee:pacfin:v:5:y:1997:i:3:p:325-344
    Contact details of provider: Web page: http://www.elsevier.com/locate/pacfin

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    1. Pennacchi, George G, 1988. " Loan Sales and the Cost of Bank Capital," Journal of Finance, American Finance Association, vol. 43(2), pages 375-96, June.
    2. Warren P. Hogan & Ian G. Sharpe, 1990. "Risk-Based Capital Adequacy of Australian Banks," Australian Journal of Management, Australian School of Business, vol. 15(1), pages 177-201, June.
    3. Hogan, W P & Sharpe, Ian G, 1990. "Prudential Supervision of Australian Banks," The Economic Record, The Economic Society of Australia, vol. 66(193), pages 127-45, June.
    4. Warren P. Hogan & Ian G. Sharpe, 1988. "Supervision Of Bank Exit: A Note," Economic Papers, The Economic Society of Australia, vol. 7(2), pages 71-77, 06.
    5. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
    6. Keeley, Michael C, 1990. "Deposit Insurance, Risk, and Market Power in Banking," American Economic Review, American Economic Association, vol. 80(5), pages 1183-1200, December.
    7. Stulz, ReneM. & Johnson, Herb, 1985. "An analysis of secured debt," Journal of Financial Economics, Elsevier, vol. 14(4), pages 501-521, December.
    8. James, Christopher, 1988. "The use of loan sales and standby letters of credit by commercial banks," Journal of Monetary Economics, Elsevier, vol. 22(3), pages 395-422.
    9. Chris James, 1987. "Off-balance sheet banking," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue sep18.
    10. Brewer, Elijah III & Koppenhaver, G. D., 1992. "The impact of standby letters of credit on bank risk: A note," Journal of Banking & Finance, Elsevier, vol. 16(6), pages 1037-1046, December.
    11. Cook, Douglas O & Spellman, Lewis J, 1994. "Repudiation Risk and Restitution Costs: Toward Understanding Premiums on Insured Deposits," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(3), pages 439-59, August.
    12. Timothy H. Hannan & Gerald A. Hanweck, 1986. "Bank insolvency risk and the market for large certificates of deposit," Working Papers in Banking, Finance and Microeconomics 86-1, Board of Governors of the Federal Reserve System (U.S.).
    13. Christine Pavel & David Phillis, 1987. "Why commercial banks sell loans: an empirical analysis," Economic Perspectives, Federal Reserve Bank of Chicago, issue May, pages 3-14.
    14. Robert B. Avery & Allen N. Berger, 1988. "Risk-based capital and off-balance sheet activities," Finance and Economics Discussion Series 35, Board of Governors of the Federal Reserve System (U.S.).
    15. Lawrence M. Benveniste & Allen N. Berger, 1986. "An empirical analysis of standby letters of credit," Research Papers in Banking and Financial Economics 85, Board of Governors of the Federal Reserve System (U.S.).
    16. Christopher James, 1987. "Off-balance sheet banking," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 21-36.
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