Browsing LIF-SAFE Working Papers by Keyword "coco bonds"
Now showing items 1-2 of 2
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Freedom of Contract and Financial Stability through the lens of the Legal Theory of Finance
(2016-08-28)This paper is the outcome of a related broader project, exploring the explanatory power of the Legal Theory of Finance, which proposes a new institution-based analytical framework for the analysis of phenomena of financial ... -
Incentive Effects from Write-down CoCo Bonds: An Empirical Analysis
(2018-05-01)Departing from the principle of absolute priority, CoCo bonds are particularly exposed to bank losses despite not having ownership rights. This paper shows the link between adverse CoCo design and their yields, confirming ...