The Role of Subordinated Debt in Market Discipline : The Case of Emerging 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 extent to which emerging markets satisfy these preconditions-among them the monitorability...
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| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2000/215 |
| Truy cập trực tuyến: | Full text available on IMF |