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Volumn 161, Issue 2, 2005, Pages 364-376

Market discipline of subordinated debt in banking: The case of costly bankruptcy

Author keywords

Bank; Bankruptcy costs; Market discipline; Subordinated debt

Indexed keywords

COSTS; MARKETING; MATHEMATICAL MODELS; PROBLEM SOLVING; RISK ASSESSMENT;

EID: 5444269842     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ejor.2003.08.046     Document Type: Article
Times cited : (11)

References (14)
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  • 3
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    • The new Basel capital accord: Making it effective with stronger market discipline
    • Benink H., Wihlborg C. The new Basel capital accord: Making it effective with stronger market discipline. European Financial Management. 8(1):2002;103-115.
    • (2002) European Financial Management , vol.8 , Issue.1 , pp. 103-115
    • Benink, H.1    Wihlborg, C.2
  • 4
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    • Valuing corporate securities: Some effects of bond indenture provisions
    • Black F., Cox J.C. Valuing corporate securities: Some effects of bond indenture provisions. Journal of Finance. 31(2):1976;351-367.
    • (1976) Journal of Finance , vol.31 , Issue.2 , pp. 351-367
    • Black, F.1    Cox, J.C.2
  • 5
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    • The pricing of options and corporate liabilities
    • Black F., Scholes M. The pricing of options and corporate liabilities. Journal of Political Economy. 81(3):1973;637-654.
    • (1973) Journal of Political Economy , vol.81 , Issue.3 , pp. 637-654
    • Black, F.1    Scholes, M.2
  • 6
    • 0041744793 scopus 로고    scopus 로고
    • Market discipline and subordinated debt: A review of some salient issues
    • Bliss R. Market discipline and subordinated debt: A review of some salient issues. Economic Perspectives Q. I:2001;24-45.
    • (2001) Economic Perspectives Q , vol.1 , pp. 24-45
    • Bliss, R.1
  • 7
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    • Report submitted to the Congress pursuant to section 108 of the Gramm-Leach-Bliley Act of 1999
    • Board of Governors of the Federal Reserve System and United States Department of the Treasury, 2000. The Feasibility and Desirability of Mandatory Subordinated Debt, Report submitted to the Congress pursuant to section 108 of the Gramm-Leach-Bliley Act of 1999 (Downloadable from website http://www.federalreserve.gov/boarddocs/rptcongress/debt/subord_debt_2000.pdf).
    • (2000) The Feasibility and Desirability of Mandatory Subordinated Debt
  • 8
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    • Board of Governors of The Federal Reserve System, Stuff Study 172
    • Federal Reserve Study Group on Subordinated Notes and Debentures, 1999. Using Subordinated Debt as an Instrument of Market Discipline, Board of Governors of The Federal Reserve System, Stuff Study 172 (Downloadable from website http://www.federalreserve.gov/pubs/staffstudies/172/default.htm).
    • (1999) Using Subordinated Debt as an Instrument of Market Discipline
  • 9
    • 0043287998 scopus 로고    scopus 로고
    • The faces of market discipline
    • Flannery M. The faces of market discipline. Journal of Financial Services Research. (October/December):2001;107-119.
    • (2001) Journal of Financial Services Research , Issue.OCTOBER-DECEMBER , pp. 107-119
    • Flannery, M.1
  • 13
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    • On pricing of corporate debt: The risk structure of interest rates
    • Merton R.C. On pricing of corporate debt: The risk structure of interest rates. Journal of Finance. 29:1974;449-470.
    • (1974) Journal of Finance , vol.29 , pp. 449-470
    • Merton, R.C.1


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