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Contingent Capital: Economic Rationale and Design Features
Author:
Ceyla Pazarbasioglu null

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,
Ms. Jianping Zhou
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Mrs. Vanessa Le Lesle
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Michael Moore
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Series:
Staff Discussion Notes
Volume/Issue:
Volume 2011: Issue 001
Language:
English
Publication Date:
25 Jan 2011
DOI:
https://doi.org/10.5089/9781462304141.006
ISBN:
9781462304141
ISSN:
2617-6750
Pages:
34
Keywords:
SDN; capital; equity capital; share price; capital ratio
Legal-disclaimer:
Staff Discussion Notes (SDNs) showcase policy-related analysis and research being developed by IMF staff members and are published to elicit comments and to encourage debate.The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy.
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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.
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Cover Staff Discussion Notes
Staff Discussion Notes
ISSN:
2617-6750
Publisher:
International Monetary Fund