Subordinated debt: tough love for banks?

Joseph Haubrich

Economic Commentary, 1998, issue Dec

Abstract: Several 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.

Keywords: Bank supervision; Bank capital (search for similar items in EconPapers)
Date: 1998
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