The original concept of a CoCo (contingent convertible) bond was to act as a precommitted equity injection upon bank distress. Its intellectual foundation (Flannery 2005; Kashyap et al., 2008) was to induce conversion as “going concern,” ensuring de-leveraging at the most delicate moment, when default risk is heightened and risk-taking incentives highest
During the recent global financial crisis, numerous banking institutions faced acute capital strain....
The Liikanen Group proposes contingent convertible (CoCo) bonds as a potential mechanism to enhance ...
This paper provides an in-depth analysis of the structuring and the pricing of an innovative financi...
Contingent Convertible (CoCo) bonds have been suggested as a way to ensure that banks keep aside eno...
The financial crisis of 2007-2008 triggered an avalanche of financial worries for financial institut...
We study how contingent capital affects banks’ risk choices. When triggered in highly levered states...
Most regulators grant contingent convertible bonds the status of equity. The theory, however, sugges...
In this paper, we analyze the effect of the conversion price of CoCo bonds on equity holders' incent...
Objective: The main goal of this paper is to analyse whether Contingent Convertible Bonds (CoCos) ar...
In this paper, I theoretically examine the ability of Contingent Convertible bonds (CoCos), a source...
This study analyzes whether Contingent Convertible Bonds (CoCos) contribute to reduce the default ri...
Contingent convertibles (CoCos) are intended to either convert to new equity or be written down prio...
Contingent Convertible (CoCo) is a hybrid debt issued by banks with a specific feature forcing its c...
When contingently convertible debt securities trigger and convert into common equity well before the...
Contingent convertible capital (CoCo) is designed to improve the loss absorption capacity of the iss...
During the recent global financial crisis, numerous banking institutions faced acute capital strain....
The Liikanen Group proposes contingent convertible (CoCo) bonds as a potential mechanism to enhance ...
This paper provides an in-depth analysis of the structuring and the pricing of an innovative financi...
Contingent Convertible (CoCo) bonds have been suggested as a way to ensure that banks keep aside eno...
The financial crisis of 2007-2008 triggered an avalanche of financial worries for financial institut...
We study how contingent capital affects banks’ risk choices. When triggered in highly levered states...
Most regulators grant contingent convertible bonds the status of equity. The theory, however, sugges...
In this paper, we analyze the effect of the conversion price of CoCo bonds on equity holders' incent...
Objective: The main goal of this paper is to analyse whether Contingent Convertible Bonds (CoCos) ar...
In this paper, I theoretically examine the ability of Contingent Convertible bonds (CoCos), a source...
This study analyzes whether Contingent Convertible Bonds (CoCos) contribute to reduce the default ri...
Contingent convertibles (CoCos) are intended to either convert to new equity or be written down prio...
Contingent Convertible (CoCo) is a hybrid debt issued by banks with a specific feature forcing its c...
When contingently convertible debt securities trigger and convert into common equity well before the...
Contingent convertible capital (CoCo) is designed to improve the loss absorption capacity of the iss...
During the recent global financial crisis, numerous banking institutions faced acute capital strain....
The Liikanen Group proposes contingent convertible (CoCo) bonds as a potential mechanism to enhance ...
This paper provides an in-depth analysis of the structuring and the pricing of an innovative financi...
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