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.
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Installing contingent capital could be more efficient than raising capital requirements because the capital injection is available only when it is needed.
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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
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Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455
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restated_bykaal:claim:2957645-020 Contingent capital may be more efficient than simply raising capital requirements, because the capital injecti...
restateskaal:claim:1908473-017 Contingent capital securities are likely to be more efficient than raising capital requirements, because the c...
extended_bykaal:claim:2957645-024 Contingent capital could create a regime for providing countercyclical regulatory capital that further enhance...
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