Contingent Capital with a Dual Price Trigger

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Subfields: Finance

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Why and How to Design a Contingent Convertible Debt Requirement (2011, background): “As McDonald (2010) notes, tax deductibility may have political value by virtue of eliminating a reason for of CoCos need not result in value loss to shareholders, while the forced issuance of equity (given the bank‟s assets) automatically does (through the reduced tax shield, as well as any funding…”
The Real Effects of Financial Markets (2012, unknown): “First, we argue that a new definition of price efficiency is needed to account for the extent to which prices reflect information useful for the efficiency of real decisions (rather than the extent to which they forecast future cash flows).”