# Market development

`kaal:entity:market-development`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `market-development`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 2 works, 2012 to 2021.

**2012**

- [2061166-028](https://wulfkaal.github.io/claims/2061166-028) [failure/argued] *(failure mode)* -- Mandating the issuance of contingent capital does not guarantee that a viable market in contingent capital securities will develop.
  > Mandatory issuance of contingent capital does not guarantee that a viable market in contingent capital securities will develop.
  Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166
- [2061166-029](https://wulfkaal.github.io/claims/2061166-029) [failure/argued] *(failure mode)* -- Building critical mass in the contingent capital securities market could require banks and other financial institutions to buy their competitors' contingent capital securities, which would raise ethical, antitrust and incentive concerns.
  > Developing a critical mass for the market in contingent capital securities could require banks and other financial institutions to purchase their competitors' contingent capital securities.533 That could raise ethical, antitrust, and incentive concerns.
  Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166

**2021**

- [3936876-022](https://wulfkaal.github.io/claims/3936876-022) [condition/argued] *(failure mode)* -- Institutional investors are less likely to engage in digital asset investments where custody solutions for digital assets are underdeveloped, and they find it difficult to commit fully until a reliable and respected custody solution exists.
  > Institutional investors are less likely to engage in digital asset investments if the custody solutions for digital assets are underdeveloped.
  Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/market-development.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.