Contingent Capital: The Case of COERCs

By George G. Pennacchi, T. Vermaelen, Christian C. P. Wolff. Journal of Financial and Quantitative Analysis, 2014

169 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/61e3406ca4108564ecd5ceed20e2cf119224bb28

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In Economics and Econometrics

1. Suresh Sundaresan
2. Zhenyu Wang

In Finance

1. Suresh Sundaresan
2. Zhenyu Wang
3. Erwan Morellec
4. Sebastian Gryglewicz

Citations in the corpus

• Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent-Seeking and Risk-Shifting (2015, unknown): “…and Pfliederer (2009), “capital insurance” (Kashyap, Rajan and Stein (2008)),33 and taxing the systemic risk of financial institutions (Acharya, Pedersen, Phillipon, and Richardson (2010a)); see Thakor (2014) for an extensive discussion of these proposals and their link to financial stability.”
• On the Design of Contingent Capital with a Market Trigger (2015, background): “Pennacchi (2010) and Pennacchi et al. (2011) place the conversion trigger on the ratio of the asset value to the combined value of the CC and equity.”