Now showing items 1-3 of 3

    • Exploring contingent convertible bond alternatives for African banks 

      Liebenberg, Francois J.N.; Van Vuuren, Gary W.; Heymans, André (AOSIS, 2018)
      Background: A variant of the contingent convertible bond, first proposed in 2011, is investigated: the Call Option Enhanced Reverse Convertible (COERC). Although issued as a bond, it converts to new shareholder’s equity ...
    • Managing capital procyclicality in African banks using contingent convertible bonds 

      Liebenberg, F.J.N. (North-West University, 2019)
      In times of financial distress, banks struggle to source additional capital from reluctant private investors. Sovereign bailouts prevent disruptive insolvencies but distort bank incentives. Contingent convertible capital ...
    • Measuring and mitigating capital procyclicality in South African banks 

      Visser, Dirk (North-West University (South Africa) , Potchefstroom Campus, 2017)
      The regulatory market risk metric – Value at Risk (VaR) – has remained virtually unchanged since its introduction by JP Morgan in 1996. Many prominent examples of market risk underestimation have undermined the credibility ...