Contingent capital trigger effects: Evidence from liability management exercises
This paper studies liability management exercises (LME) by banks, which have comparable regulatory capital effects than contingent capital triggers. LMEs are concentrated on low capitalization situations, both in the cross-section and in the time series and are frequently associated with equity issu...
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| Format: | Article |
| Language: | English |
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Oxford University Press
2019
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| Online Access: | View Fulltext in Publisher |