Economics at your fingertips  

Contingent capital: the trigger problem

Edward Prescott ()

Economic Quarterly, 2012, issue 1Q, 33-50

Abstract: In this article, we analyze price triggers in contingent capital bonds. We illustrate the pervasiveness of multiple equilibria and the nonexistence of equilibrium in theoretical models. We summarize evidence of these problems from market experiments and we evaluate possible solutions.

Keywords: Banking; market (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link) ... /q1/pdf/prescott.pdf (application/pdf)

Related works:
Working Paper: Contingent capital: the trigger problem (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Quarterly from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().

Page updated 2019-08-15
Handle: RePEc:fip:fedreq:y:2012:i:1q:p:33-50:n:v.98no.1