A framework was proposed to analysis the mechanism of market discipline from three parts - shareholders,depositors and subordinate debt(SND) holders. Then a theoretical model was introduced.
本文首先对国内外市场约束领域的文献进行了比较全面的综述,重点介绍了国外实证方面的文献,而后明确定义了商业银行市场约束的概念,提出了股东、次级债持有人和存款人三方约束的理论框架,详细地分析了各自对商业银行实现约束的机制并介绍了一个数理模型。
参考来源 - 中国上市银行市场约束的实证研究·2,447,543篇论文数据，部分数据来源于NoteExpress
Article 4 a subordinate debt of a securities company with a term of two years or more shall be a long-term subordinated debt.
第四条证券公司借入期限在2年以上(含2年)的次级债务为长期次级债务。
In China the leading interest rate of financial market is official rate with the interest rate of national debt as a subordinate one.
我国资金市场主导利率是官方利率，国债发行利率是其从属利率。
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