Browsing by Author "Chauhan, G. S."
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Subordinate debt, deposit insurance and market oriented monitoring of banks
Sundaram, Satyam S.; Chauhan, G. S. (Elsevier Ltd, 2016)We present a model of a bank with endogenous risk choices, where delegated monitoring by an active market in subordinate debt helps in containing the bank's risk shifting in the presence of deposit insurance. In comparison ...