Contingent Capital : Economic Rationale and Design Features /

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...

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Bibliographic Details
Main Author: Pazarbasioglu, Ceyla
Other Authors: Le Lesle, Vanessa, Moore, Michael, Zhou, Jianping
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:Staff Discussion Notes; Staff Discussion Notes ; No. 2011/001
Online Access:Full text available on IMF
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245 1 0 |a Contingent Capital :   |b Economic Rationale and Design Features /  |c Ceyla Pazarbasioglu, Jianping Zhou, Vanessa Le Lesle, Michael Moore. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
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490 1 |a Staff Discussion Notes 
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520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Le Lesle, Vanessa. 
700 1 |a Moore, Michael. 
700 1 |a Zhou, Jianping. 
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