Banks around the world maintain excess regulatory capital, whether to minimize capitalization costs or to mitigate risks of financial difficulties. However, it was only after the financial crisis of 2008 that the quality of capital gained greater importance among international regulators, through the Third Basel Accord (Basel III), which suggested a capital structure formed of the new equity and debt hybrid instruments, that is, Contingent Convertibles (CoCos), which have the main goal of recapitalizing banks automatically when they show signs of financial difficulties. Using the continuous-time structural model developed by Koziol and Lawrenz (2012), with December 2013 as a reference, this paper analyzes the capital structure of the 10 big...
The financial crisis of 2007-2008 triggered an avalanche of financial worries for financial institut...
Contingent Convertible Bonds (CoCos) are a form of hybrid debt securities that have been proposed ...
Contingent convertibles (CoCos) are intended to either convert to new equity or be written down prio...
International audienceCoCos (contingent convertibles) are recent hybrid securities which are convert...
This paper provides a formal model of contingent convertible bonds (CCBs), a new instrument offering...
This study examines the promise of reducing expected resolution costs of financial institutions thro...
During the recent global financial crisis, numerous banking institutions faced acute capital strain....
É fato, que os bancos do mundo inteiro mantêm excesso de capital regulatório, seja para minimizar cu...
This dissertation consists of five chapters on contingent convertible capital securities, their macr...
The adoption of Basel III capital requirements has been championed as one of the primary means for a...
The Liikanen Group proposes contingent convertible (CoCo) bonds as a potential mechanism to enhance ...
The main goal of this paper is to analyse whether Contingent Convertible Bonds (CoCos) are equally s...
Objective: The main goal of this paper is to analyse whether Contingent Convertible Bonds (CoCos) ar...
The financial crisis of 2007-2008 triggered an avalanche of financial worries for financial institut...
Contingent capital instruments (CoCo-Bonds) currently receive much attention by regula-tors and acad...
The financial crisis of 2007-2008 triggered an avalanche of financial worries for financial institut...
Contingent Convertible Bonds (CoCos) are a form of hybrid debt securities that have been proposed ...
Contingent convertibles (CoCos) are intended to either convert to new equity or be written down prio...
International audienceCoCos (contingent convertibles) are recent hybrid securities which are convert...
This paper provides a formal model of contingent convertible bonds (CCBs), a new instrument offering...
This study examines the promise of reducing expected resolution costs of financial institutions thro...
During the recent global financial crisis, numerous banking institutions faced acute capital strain....
É fato, que os bancos do mundo inteiro mantêm excesso de capital regulatório, seja para minimizar cu...
This dissertation consists of five chapters on contingent convertible capital securities, their macr...
The adoption of Basel III capital requirements has been championed as one of the primary means for a...
The Liikanen Group proposes contingent convertible (CoCo) bonds as a potential mechanism to enhance ...
The main goal of this paper is to analyse whether Contingent Convertible Bonds (CoCos) are equally s...
Objective: The main goal of this paper is to analyse whether Contingent Convertible Bonds (CoCos) ar...
The financial crisis of 2007-2008 triggered an avalanche of financial worries for financial institut...
Contingent capital instruments (CoCo-Bonds) currently receive much attention by regula-tors and acad...
The financial crisis of 2007-2008 triggered an avalanche of financial worries for financial institut...
Contingent Convertible Bonds (CoCos) are a form of hybrid debt securities that have been proposed ...
Contingent convertibles (CoCos) are intended to either convert to new equity or be written down prio...