In this paper we analyze the determinants of CoCo bond issuance. The results suggest that banks who issue CoCos are typically large. Moreover, in the case of BRICS and other emerging economies suggest that banks are also highly leveraged, aiming to meet the Basel III rules and replace debt with...

We propose that a hyperinflation event has a long-lasting effect on household investment behavior. We want to investigate whether future stock market participation can be influenced by a single extreme macroeconomic instability episode. We use data from the Brazilian Institute of Geography and...