No Pain, No Gain? Effecting Market Discipline Via 'Reverse Convertible Debentures'

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The Dark Side of Bank Wholesale Funding (2010, unknown): “W = m [pWR+ (1 p)sL(D +W )]+(1 m) [p [p+ (1 p)]WR+ (1 p)sL(D +W )] C(m) (13) which obtains: C (mLiq) = p (1 p) (1 )WRLiq (14)”
Why and How to Design a Contingent Convertible Debt Requirement (2011, unknown): “For example, research by Doherty and Harrington (1995), Flannery (2005), Kashyap et al. (2008), D'Souza et al. (2009), Huertas (2009), Duffie (2009), Pennacchi (2010), Pennacchi et al. (2010), Bolton and Samama (2010), and Hart and Zingales (2010) has highlighted the potential value of requiring…”
Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive (2013, background): “Contingent capital, i.e., debt that converts to equity in some scenarios, has recently been proposed, e.g., by Flannery (2002) and Squam Lake Group (French et al., 2010), as a security that regulators should encourage or perhaps require financial institutions to issue.”
On the Design of Contingent Capital with a Market Trigger (2015, background): “In particular, a CC 7To our knowledge, Flannery (2002, 2009) was an early advocate of CC with a market trigger for mandatory conversion.”