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When risk premiums decrease as the bank's risk increases--a caveat on the use of subordinated bonds as an instrument of banking supervision
Bigus, Jochen, (2005)
Nachrangige Anleihen als bankenaufsichtliches Instrument : das Problem hinreichender Marktqualität und Anreizprobleme
Bigus, Jochen, (2001)
When risk premiums decrease as the bank's risk increases - a caveat on the use of subordinated bonds as an instrument of banking supervision