kaal:claim:1998455-009

Installing contingent capital can be more efficient than raising capital requirements, because the capital injection becomes available only when it is needed and only enough securities convert to recapitalize the firm.

Installing contingent capital could be more efficient than raising capital requirements because the capital injection is available only when it is needed.

Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012), III.A. Possible Applications, p. 19
https://ssrn.com/abstract=1998455 · source PDF

Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455

• assumes a functioning trigger that fires at the right time
• assumes incremental or calibrated conversion

mechanismsupport: arguedcontingent-capitaleconomicssystemic-risk

• restated_by kaal:claim:2957645-020 Contingent capital may be more efficient than simply raising capital requirements, because the capital injecti...
• restates kaal:claim:1908473-017 Contingent capital securities are likely to be more efficient than raising capital requirements, because the c...
• extended_by kaal:claim:2957645-024 Contingent capital could create a regime for providing countercyclical regulatory capital that further enhance...

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