Automatic Recapitalization Alternatives

Robert Collender, Forrest Pafenberg and Robert Seiler
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Robert Seiler: Federal Housing Finance Agency

No 10-02, FHFA Staff Working Papers from Federal Housing Finance Agency

Abstract: Regulators are seeking ways to reduce the procyclical effect of the current capital regulatory regime and the spillovers associated with financial firm distress. This paper examines one set of proposed solutions: ex post mechanisms that would automatically recapitalize systemically important financial institutions during periods of distress. Such mechanisms include contingent capital notes (CCNs) and capital insurance.

Pages: 23 pages
Date: 2010-03
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Citations: View citations in EconPapers (3)

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