kaal:claim:2957645-015

Contingent capital is an automatic mechanism for increasing capital while reducing debt, and its long term benefit is lowering leverage.

Source quote, verbatim

Contingent capital is an automatic mechanism for increasing capital while reducing debt with the long-term benefit of lowering leverage.

From

Kaal, Dynamic Regulation via Contingent Capital (2017), III. Contingent Capital, p. 11
https://ssrn.com/abstract=2957645 · source PDF

Cite as

Kaal, Dynamic Regulation via Contingent Capital (2017). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957645

Classification

definitionalsupport: assertedcontingent-capitalsystemic-risk

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 250b10782a5ea5dece9235a7f711aee408feaf36f2e78e310d589b5ee6304be2. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/304572ccd210ec86...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2957645-015.md | sha256sum