Series: IMF Working Papers
Author(s): Cem Karacadag , and Animesh Shrivastava
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2000
Keywords: Subordinated debt, capital standards, banking regulation, investors, bond, commercial banks, bond markets
This paper evaluates the potential role of mandatory subordinated debt (MSD) in enhancing market discipline in emerging markets. The conceptual merits and key preconditions of MSD are first reviewed. Then, the exte...