Turnitin
降AI改写
早检测系统
早降重系统
Turnitin-UK版
万方检测-期刊版
维普编辑部版
Grammarly检测
Paperpass检测
checkpass检测
PaperYY检测
Contingent capital instruments for large financial institutions: A review of the literature
As the recent financial crisis unfolded, a new financial instrument—contingent convertible
(coco) bonds—was widely considered as a mechanism for promptly recapitalizing …
(coco) bonds—was widely considered as a mechanism for promptly recapitalizing …
On the design of contingent capital with a market trigger
Contingent capital (CC), which aims to internalize the costs of too‐big‐to‐fail in the capital
structure of large banks, has been under intense debate by policy makers and academics …
structure of large banks, has been under intense debate by policy makers and academics …
Stabilizing large financial institutions with contingent capital certificates
Corporate limited liability makes firms' shareholders under-value the possibility that their
actions will have extremely bad outcomes. This distortion has been particularly relevant for …
actions will have extremely bad outcomes. This distortion has been particularly relevant for …
Contingent Convertible bond literature review: making everything and nothing possible?
P Oster - Journal of Banking Regulation, 2020 - Springer
Abstract Contingent Convertible (CoCo) bonds are subject to a considerable theoretical and
practical debate. This article presents a systematic literature survey from five databases …
practical debate. This article presents a systematic literature survey from five databases …
Contingent capital, tail risk, and debt-induced collapse
We study the design and incentive effects of contingent convertible debt. With contingent
convertibles, the endogenous bankruptcy boundary can be at either of two levels: one with …
convertibles, the endogenous bankruptcy boundary can be at either of two levels: one with …
Market‐triggered changes in capital structure: Equilibrium price dynamics
P Glasserman, B Nouri - Econometrica, 2016 - Wiley Online Library
We analyze the internal consistency of using the market price of a firm's equity to trigger a
contractual change in the firm's capital structure, given that the value of the equity itself …
contractual change in the firm's capital structure, given that the value of the equity itself …
Maintaining adequate bank capital
THE BASEL COMMITTEE ON BANK SUPERVISION (BCBS) has complex rules for defining
sufficient capital at internationally active financial institutions. Pillar II of the Basel Accord …
sufficient capital at internationally active financial institutions. Pillar II of the Basel Accord …
Do CoCos serve the goals of macroprudential supervisors or bank managers?
Using a hand-collected, comprehensive sample of contingent capital bonds (CoCos) issued
by banks over the 2009–2019 period, we identify shifts in CoCo design features that nullify …
by banks over the 2009–2019 period, we identify shifts in CoCo design features that nullify …
Market‐Triggered Contingent Capital with Incomplete Information
We analyze the equilibria of market‐triggered contingent capital if a bank's asset value is not
common knowledge. Using a global game setup with private signals, we characterize the …
common knowledge. Using a global game setup with private signals, we characterize the …
Contingent capital with repeated interconversion between debt‐and equity‐like instruments
This paper introduces a new form of contingent capital, contingent convertible securities
(CCSs), which might repeatedly convert between debt‐and equity‐like instruments …
(CCSs), which might repeatedly convert between debt‐and equity‐like instruments …