Financial Law and Risk Control
The Role of Demandable Debt in Structuring Optimal Banking Arrangements
Charles W. Calomiris and Charles M. Kahn
- Year
- 1991
- Venue
- American Economic Review
- Level
- Advanced
Summary
Explains demandable debt as a governance mechanism that can discipline banks and constrain managers. The article is useful for understanding why fragile funding structures may also perform monitoring and incentive functions.
Citation
Charles W. Calomiris and Charles M. Kahn. "The Role of Demandable Debt in Structuring Optimal Banking Arrangements." American Economic Review, 1991.
BibTeX
@article{Calomiris1991The,
title = {The Role of Demandable Debt in Structuring Optimal Banking Arrangements},
author = {Charles W. Calomiris and Charles M. Kahn},
year = {1991},
journal = {American Economic Review},
url = {https://www.jstor.org/stable/2006865}
}