Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/44598
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | von Furstenberg, George M. | en |
dc.date.accessioned | 2011-02-23 | - |
dc.date.accessioned | 2011-04-06T10:53:11Z | - |
dc.date.available | 2011-04-06T10:53:11Z | - |
dc.date.issued | 2011 | - |
dc.identifier.isbn | 978-3-86558-679-7 | en |
dc.identifier.uri | http://hdl.handle.net/10419/44598 | - |
dc.description.abstract | This study examines the promise of reducing expected resolution costs of financial institutions through either voluntary or mandated addition of contingently convertible debt securities to their long-term financing mix. I model the stochastic process by which an initially very well capitalized banking firm may come to violate its minimum capital maintenance requirement. Conversion of cocos then provides a second chance because the firm's initial capitalization is restored. Although regulatory insolvency remains a distant threat, the expected reductions in the cost of bankruptcy and hence the cost of capital are such that cocos may win a place in the liability structure of financial institutions without the need for mandates. | en |
dc.language.iso | eng | en |
dc.publisher | |aDeutsche Bundesbank |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aDiscussion Paper Series 2 |x2011,01 | en |
dc.subject.jel | E44 | en |
dc.subject.jel | G33 | en |
dc.subject.jel | G38 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | financial reforms | en |
dc.subject.keyword | regulatory insolvency | en |
dc.subject.keyword | contingent capital | en |
dc.subject.keyword | bank regulations | en |
dc.subject.keyword | cocos | en |
dc.title | Contingent capital to strengthen the private safety net for financial institutions: Cocos to the rescue? | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 647226642 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bubdp2:201101 | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.