1. Introduction

   • Mark J. Flannery

   Editorial Introduction Pages: 105 - 105

2. The Faces of “Market Discipline”

   • Mark J. Flannery

   OriginalPaper Pages: 107 - 119

3. Sub-debt Yield Spreads as Bank Risk Measures

   • Douglas D. Evanoff
   • Larry D. Wall

   OriginalPaper Pages: 121 - 145

4. Using Subordinated Debt to Monitor Bank Holding Companies: Is it Feasible?

   • Diana Hancock
   • Myron L. Kwast

   OriginalPaper Pages: 147 - 187

5. Comments on Evanoff and Wall/Hancock and Kwast

   • Anthony Saunders

   OriginalPaper Pages: 189 - 194

6. Market Discipline of Banks: The Asset Test

   • Donald P. Morgan
   • Kevin J. Stiroh

   OriginalPaper Pages: 195 - 208

7. Comments on Morgan and Stiroh

   • George Pennacchi

   OriginalPaper Pages: 209 - 211

8. Further Evidence on the Information Content of Bank Examination Ratings: A Study of BHC-to-FHC Conversion Applications

   • Linda Allen
   • Julapa Jagtiani
   • James T. Moser

   OriginalPaper Pages: 213 - 232

9. An Analysis of European Banks' SND Issues and its Implications for the Design of a Mandatory Subordinated Debt Policy

   • Andrea Sironi

   OriginalPaper Pages: 233 - 266

10. Comments on Sironi

    • Cem Karacadag

    OriginalPaper Pages: 267 - 273

11. Supervisor and Market Analysts: What Should Research be Seeking?

    • Suresh M. Sundaresan

    OriginalPaper Pages: 275 - 280