kaal:claim:1908473-019

Mandatory contingent capital issuance requires the creation of a new market, and market creation takes time: the European hybrid market established in 1997 needed five years to reach critical mass.

Source quote, verbatim

Market creation will take time. For instance, the European hybrid market, established in 1997, took five years to gain critical mass.

From

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), II.B. Limitations and Open Issues, p. 23
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

Classification

empiricalsupport: evidencedeconomics

Related claims

extended_by kaal:claim:2061166-028 Mandating the issuance of contingent capital does not guarantee that a viable market in contingent capital sec...

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