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dc.contributor.author Pearkes, George
dc.date.accessioned 2012-05-14T12:36:58Z
dc.date.available 2012-05-14T12:36:58Z
dc.date.issued 2012-05-14
dc.identifier.uri http://hdl.handle.net/10161/5390
dc.description Honors thesis en_US
dc.description.abstract I investigate financial instruments called contingent convertible bonds (CoCos). CoCos are designed to recapitalize banks during financial crises. Regulation would mandate their issuance. I survey the structure of financial crises and develop a rationale for the instruments, then propose a specific set of characteristics for the bonds. Given those characteristics, I develop a pricing model and explore some implications of a regulatory mandate for their issuance. I conclude by rejecting them as a policy alternative. en_US
dc.language.iso en_US en_US
dc.subject contingent convertibles en_US
dc.subject financial policy en_US
dc.subject financial regulation en_US
dc.subject financial crises en_US
dc.title Contingent Convertible Bonds And Public Policy: A New Approach en_US
dc.department Public Policy Studies en_US

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