Subordinated debt: tough love for banks?
AbstractSeveral recent proposals aim to restore market discipline to the banking sector by forcing banks to issue debt that is not guaranteed by the government, termed subordinated debt. This Commentary examines the reasoning behind such proposals and assesses the likelihood of their success.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.
Volume (Year): (1998)
Issue (Month): Dec ()
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- Jagtiani, Julapa & Lemieux, Catharine, 2001. "Market discipline prior to bank failure," Journal of Economics and Business, Elsevier, vol. 53(2-3), pages 313-324.
- Bigus, Jochen & Prigge, Stefan, 2005. "When risk premiums decrease as the bank's risk increases--a caveat on the use of subordinated bonds as an instrument of banking supervision," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 15(4), pages 369-390, October.
- Adrian Pop, 2003. "Dette subordonnÃ©e, discipline de marchÃ© et rÃ©forme rÃ©glementaire," Revue d'Ã‰conomie FinanciÃ¨re, Programme National PersÃ©e, Programme National PersÃ©e, vol. 71(2), pages 261-276.
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