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Contingent Convertibles [Cocos]: A Potent Instrument For Financial Reform, Von Furstenberg George M


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Автор: Von Furstenberg George M
Название:  Contingent Convertibles [Cocos]: A Potent Instrument For Financial Reform
ISBN: 9789814619899
Издательство: World Scientific Publishing
Классификация:
ISBN-10: 9814619892
Обложка/Формат: Hardback
Страницы: 288
Вес: 0.56 кг.
Дата издания: 25.08.2014
Серия: World scientific-now publishers series in business
Язык: English
Иллюстрации: Black & white illustrations
Размер: 237 x 156 x 21
Читательская аудитория: College/higher education
Ключевые слова: Investment & securities, BUSINESS & ECONOMICS / Banks & Banking,BUSINESS & ECONOMICS / Investments & Securities / General,BUSINESS & ECONOMICS / Investments & Securities / Bonds
Основная тема: Economics & Finance / Money & Banking / Investments / Financial Markets & Institutions
Подзаголовок: A potent instrument for financial reform
Ссылка на Издательство: Link
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Поставляется из: Англии
Описание:

Contingent Convertibles (CoCos) represent debt that is subject to being converted automatically into common equity under pre-specified terms of conversion if the chosen regulatory capital ratio falls to a level triggering conversion. CoCos are that subspecies of contingent capital that references regulatory (Basel III) concepts in its triggers. From 2014, trigger points are set by common equity (Common Equity Tier 1 [CET1]) in percent of risk-weighted assets [RWA] or of more complicated measures of total exposure to a variety of risks, particularly credit risk. This is the first comprehensive book on CoCos, an innovative instrument that has attracted growing attention since it was first issued in 2009.

The book is mostly concerned with going-concern recovery- rather than resolution- CoCos, because avoiding failure and costly disruption of financial networks without government financing is the first order of business. CoCos hold a high promise of providing fully loss-absorbing equity capital when it is most needed and least available to financial institutions. Yet, having grown out of the 2007-2009 financial crisis, they are still an infant reform instrument in many respects. Few of the instruments design features (or even the rating, regulatory, and tax treatments) are entirely settled. This book seeks to move the discussion toward, and then past, the main decision points so that CoCos can prove their value for contingency planning and self-insurance all over the world. It is intended to increase the ability of issuers and investors to analyze and understand the different kinds of CoCos.




Actuarial Mathematics for Life Contingent Risks

Автор: Dickson, David C. M.
Название: Actuarial Mathematics for Life Contingent Risks
ISBN: 1107044073 ISBN-13(EAN): 9781107044074
Издательство: Cambridge Academ
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Цена: 12514.00 р.
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Описание: Actuarial Mathematics for Life Contingent Risks, 2nd edition, is the sole required text for the Society of Actuaries Exam MLC Fall 2015 and Spring 2016. It covers the entire syllabus for the SOA Exam MLC, including new sections for Spring 2016. It is ideal for university courses and for individuals preparing for professional actuarial examinations - especially the new, long-answer exam questions. Three leaders in actuarial science balance rigor with intuition and emphasize practical applications using computational techniques to provide a modern perspective on life contingencies and equip students for the products and risk structures of the future. The authors then develop a more contemporary outlook, introducing multiple state models, emerging cash flows and embedded options. The 210 exercises provide meaningful practice with both long-answer and multiple choice questions. Furthermore: • the book has been updated to include new material on discrete time Markov processes, on models involving joint lives, and on universal life insurance and participating traditional insurance • the Solutions Manual (ISBN 9781107620261), available for separate purchase, provides detailed solutions to the text's exercises.

Income Contingent Loans

Автор: Stiglitz Joseph E
Название: Income Contingent Loans
ISBN: 1137413190 ISBN-13(EAN): 9781137413192
Издательство: Springer
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Цена: 6986.00 р.
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Описание: This study explores the prospect of the application of the basic principles of ICL into many other potential areas of social and economic policy. Using case studies it evaluates previously implemented ICL schemes where interest rate subsidies are usually the norm, and questions the merits of this approach.

Income Contingent Loans

Автор: Chapman
Название: Income Contingent Loans
ISBN: 1137413182 ISBN-13(EAN): 9781137413185
Издательство: Springer
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Цена: 18866.00 р.
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Описание: This study explores the prospect of the application of the basic principles of ICL into many other potential areas of social and economic policy. Using case studies it evaluates previously implemented ICL schemes where interest rate subsidies are usually the norm, and questions the merits of this approach.

ESOP Workbook - The Ultimate Instrument in Succession Planning

Автор: Frisch
Название: ESOP Workbook - The Ultimate Instrument in Succession Planning
ISBN: 047122085X ISBN-13(EAN): 9780471220855
Издательство: Wiley
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Цена: 10296.00 р.
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Описание: Employee Stock Ownership Plans (ESOPs) have been legislatively feasible since 1974 and have been upgraded legally numerous times. ESOPs are for both private and public companies. This workbook serves as a roadmap to enable the owners of private corporations to establish an ESOP (Employee Stock Ownership Plan).

Leveraged Financial Markets: A Comprehensive Guide to Loans, Bonds, and Other High-Yield Instruments

Автор: Maxwell William, Shenkman Mark
Название: Leveraged Financial Markets: A Comprehensive Guide to Loans, Bonds, and Other High-Yield Instruments
ISBN: 0071746684 ISBN-13(EAN): 9780071746687
Издательство: McGraw-Hill
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Цена: 16129.00 р.
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Описание: A guidebook that provides you with what you need to navigate the highyield market in the integrated global economy. It gives you the insight and strategies you need to: use the Sharpe ratio to measure the return versus risk for high-yield debt; develop and oversee a portfolio of high-yield bonds; and, value individual high-yield issuances.


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