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Title:The Impact of Rediscount, Official Cash Rate Target and Prime Rate Changes on Selected Treasury, Equity and Futures Securities in Australia for the Period 1986 to 1995
Author(s):Gasbarro, Domenico
Doctoral Committee Chair(s):Pennacchi, George G.
Department / Program:Finance
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):Economics, Finance
Abstract:Prime rate increases generated a negative equity reaction for national operating banks but a positive impact for regional banks. This was consistent with the Stackelberg model developed in the study. Further, it was found that Australia and New Zealand Banking Corporation (ANZ) initiated decreases and Westpac Banking Corporation (WBC) initiated increases generated a positive share reaction for their stock. In contrast, National Australia Bank (NAB) shares elicited an insignificant reaction for their prime rate initiation increases and decreases. Selected profitability, efficiency and credit quality ratios for the respective banks were examined to explain the observed equity response.
Issue Date:1997
Description:158 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1997.
Other Identifier(s):(MiAaPQ)AAI9737111
Date Available in IDEALS:2015-09-28
Date Deposited:1997

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