The Commercial Paper Market

1967 ◽  
Vol 33 (4) ◽  
pp. 584
Author(s):  
Olin S. Pugh ◽  
Nevins D. Baxter
Keyword(s):  
Commercial Paper

Why Has the Nonfinancial Commercial Paper Market Shrunk Recently?

CFA Digest ◽  
2003 ◽  
Vol 33 (3) ◽  
pp. 20-21
Author(s):  
Jonathan Hubbard
Keyword(s):  
Commercial Paper

The Development of the National Money Market, 1893-1911

1976 ◽  
Vol 36 (4) ◽  
pp. 878-897 ◽  
Author(s):  
John A. James
Keyword(s):  
Interest Rates ◽  
Capital Requirements ◽  
Late Nineteenth Century ◽  
Capital Asset Pricing ◽  
Central Importance ◽  
Asset Pricing Model ◽  
Minimum Capital ◽  
Commercial Paper ◽  
National Bank ◽  
Portfolio Selection Model

In this article the convergence of U.S. interregional interest rates in the late nineteenth century is examined and two major hypotheses are tested in the framework of a bank portfolio selection model based on the capital-asset-pricing model. Both the spread of the commercial paper market and the lowering of entry barriers through the reduction of national bank minimum capital requirements are rejected as principal explanations. The erosion of local monopoly power is shown to have been of central importance, and this development was due to the growth of state rather than national banks.

Corporate commercial paper, note issuance facilities, and shareholder wealth

1988 ◽  
Vol 7 (3) ◽  
pp. 289-302 ◽  
Author(s):  
Myron B. Slovin ◽  
Marie E. Sushka ◽  
Carl D. Hudson
Keyword(s):  
Shareholder Wealth ◽  
Commercial Paper
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