Contingent Capital
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.Henriques, Roberto, Christian Leukers, and Enrico Longato, 2010a, aApplying the Swiss Finish, a J. P. Morgan, October 28. ____, 2010b, aEuropean Bank Bail-In Survey Results, a J. P. Morgan, Europe Credit Research, October 14. ____, 2010c anbsp;...
| Title | : | Contingent Capital |
| Author | : | Ceyla Pazarbasioglu, Ms. Jian-Ping Zhou, Vanessa Le Leslé, Michael Moore |
| Publisher | : | International Monetary Fund - 2011-01-25 |
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