Dynamic Regulation via Contingent Capital
16 Pages Posted: 25 Apr 2017
Date Written: April 24, 2017
Contingent capital securities are a largely overlooked dynamic regulatory mechanism. This essay evaluates the use of contingent capital securities in a dynamic regulatory context, including the use of feedback effects for optimized timing and information for regulation and anticipatory regulation.
Keywords: Dynamic Regulation, Contingent Capital, CoCos, Feedback Effects, Optimized Information for Regulation, Anticipatory Regulation
JEL Classification: K20, K23, K32, L43, L5, O31, O32
Suggested Citation: Suggested Citation