Contingent capital (CC), which aims to internalize the costs of too‐big‐to‐fail in the capital
structure of large banks, has been under intense debate by policy makers and academics …

We develop, and solve analytically, a dynamic model of optimal bank liability structure that
incorporates bank run, regulatory closure, endogenous default, and endogenous deposit …

The proposal for banks to issue contingent capital that must convert into common equity
when the banks' stock price falls below a specified threshold, or'trigger,'does not in general …

The proposal for banks to issue contingent capital (CC) that is forced to convert into common
equity when stock price falls below a certain specified low threshold (“trigger”) does not in …

This paper analyses the preferences of CoCo bond buyers and sellers assuming that they
are mutually exclusive, and that buyers prefer CoCo bonds with higher safety-adjusted …

• Looks for the optimal way to finance SIFIs, both from the private and public perspectives.•
Uses a very stylized model of a SIFI, defined as a financial institution whose closure entails …

This thesis presents the results of empirical research on the pricing and liquidity of various
funding instruments issued by Australian banks and investigates the effects of the Basel III …

This study examines the investors' preference on the CoCo bond–issuing European banks
in relation to the CoCo bond and issuing banks' characteristics. I find that investors mostly …

As part of the Basel III capital reforms, a new Additional Tier 1 (AT1) capital is introduced
with the intention to improve market discipline which are the contingent convertible capital …

Contingent capital (CC), a regulatory debt that must convert into common equity when a
bank's equity value falls below a specified threshold (a trigger), does not in general lead to a …