{
  "title": "Contingent Capital: Economic Rationale and Design Features",
  "publication": "Staff Discussion Notes, January 25, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/staff-discussion-notes/issues/2016/12/31/contingent-capital-economic-rationale-and-design-features-24504",
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  "summary": "The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Authors: Ceyla Pazarbasioglu, Jianping Zhou, Vanessa Le Lesle, Michael Moore\n- Publication date: January 25, 2011\n- Series: Staff Discussion Notes No. 2011/001\n- Issue: 001\n- Summary: \"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.\""
    },
    {
      "heading": "Key findings and themes",
      "content": "- The global financial crisis exposed unresolved weaknesses in national and international financial oversight and resolution frameworks.\n- Many governments in crisis-hit countries provided unprecedented levels of support to contain the crisis and protect financial stability.\n- These government interventions contributed to a significant increase in sovereign exposures.\n- In many countries, interventions risked weakening market discipline and worsening moral hazard."
    },
    {
      "heading": "Subject and keywords",
      "content": "- Subject: Banking, Basel III, Capital adequacy requirements, Contingent capital, Contingent convertible capital, Stocks\n- Keywords: capital, capital ratio, equity capital, SDN, share price\n\nContingent Capital: Economic Rationale and Design Features, Staff Discussion Notes 2011, 001 (2011), IMF.\n\n---\n\n Content in this bundle\n\n- sdn1101 - Executive Summary\n  - sdn1101 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - sdn1101 - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/staff-discussion-notes/issues/2016/12/31/contingent-capital-economic-rationale-and-design-features-24504"
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    "Authors: Ceyla Pazarbasioglu, Jianping Zhou, Vanessa Le Lesle, Michael Moore",
    "Published: January 25, 2011",
    "Series: Staff Discussion Notes",
    "DOI: https://doi.org/10.5089/9781462304141.006",
    "Authors: Ceyla Pazarbasioglu, Jianping Zhou, Vanessa Le Lesle, Michael Moore",
    "Publication date: January 25, 2011",
    "Series: Staff Discussion Notes No. 2011/001",
    "Issue: 001",
    "Summary: \"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.\"",
    "The global financial crisis exposed unresolved weaknesses in national and international financial oversight and resolution frameworks.",
    "Many governments in crisis-hit countries provided unprecedented levels of support to contain the crisis and protect financial stability.",
    "These government interventions contributed to a significant increase in sovereign exposures.",
    "In many countries, interventions risked weakening market discipline and worsening moral hazard.",
    "Subject: Banking, Basel III, Capital adequacy requirements, Contingent capital, Contingent convertible capital, Stocks",
    "Keywords: capital, capital ratio, equity capital, SDN, share price",
    "**_sdn1101 - Executive Summary**"
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