subordinated debt and other market data. This paper is germane to that task. We find subordinated debt spreads are most consistent … subordinated debt spreads in supervisory monitoring, support the need for careful judgment when interpreting such spreads …

Economist disagree whether the recent increase in credit card debt has been detrimental to U.S. household. However … card is used because of its advantages over cash or a check. An increase in debt stemming from such convenience use likely … significant increase in both the level of credit card debt and it growth from 1992 to 2001 was due to convenience use. …

dimension to the public vs. private debt distinctions now common in the literature on debt contracting and financial … institutional differences in borrower monitoring and control. In passing, we shed light on various theories of debt contracting and …

information in determining debt maturity, and we examine the overall importance of informational asymmetries in debt maturity … information in explaining debt maturity. …

We provide evidence that a bank's subordinated debt yield spread is not, by itself, a sufficient measure of default … risk. We use a model in which subordinated debt is held by investors with superior knowledge ("informed investor hypothesis …"). First, we show that in theory the yield spread on subordinated debt must compensate investors for expected loss plus give …