Beyhaghi, Mehdi; D’Souza, Chris; Roberts, Gordon S. - In: Journal of Banking & Finance 48 (2014) C, pp. 396-410
’ funding advantage in Canada in addition to the extent to which market discipline exists across different securities issued by … the Canadian banks. The banking sector in Canada provides a unique setting in which to examine market discipline along … large banks, we also find that market discipline exists for subordinated debt and not for senior debt. …