Gupta, Anshul; Akuzawa, Toshinao; Nishiyama, Yoshihiko - In: The North American Journal of Economics and Finance 26 (2013) C, pp. 457-486
A new type of bank regulatory capital, known as contingent capital, has emerged in tandem with discussions on the BASEL …-credit instruments and share many characteristics. Also, contingent capital through its unique mechanisms such as principal loss …, volatility, and resilience. In spite of the exotic risks, an investment decision in contingent capital can be justified if a …