Contingent Capital: Economic Rationale and Design Features

Sdn/11/01

The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain the crisis and protect financial stability. These interventions have not only contributed to a significant increase in sovereign exposures but, in many countries, they have also risked weakening market discipline and worsening moral hazard.
Publication date: January 2011
ISBN: 9781462304141
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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , Economics / General , Financial Regulation , Financial Reform , Contingent Capital , Too Big To Fail , Moral Hazard , Banks , Bonds , Financial Institutions , Financial Instruments , Risk Management , debt , capital instruments , capital requirements , interest , interest rate , financial institutions , debt

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