kaal:claim:1908473-011

Existing proposals for implementing contingent capital do not explain how they would address the information asymmetries and principal and agent problems that may lie at the core of the credit crisis.

Source quote, verbatim

Although contingent capital has many beneficial attributes, existing proposals for implementing contingent capital are unclear as to how they will address information asymmetries and principal/agent problems.

From

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), II.B. Limitations and Open Issues, p. 20
https://ssrn.com/abstract=1908473 · source PDF

Cite as

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473

Holds when

Assumes information asymmetries and principal agent problems were central causes of the crisis

Classification

failuresupport: arguedfailure: unaddressed-agency-problemsfamily: governance-participation-collapsedisclosureai-and-agentscorporate-governancecontingent-capital

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