Central Banking Journal

The whys and hows of CoCo issuance

There is much support for contingent capital, or CoCos, among regulators and economists. However, officials, bankers and investors alike are unsure what should serve as the trigger to turn debt into equity. Here, Charles Calomiris and Richard Herring…

Interview: Kevin Warsh

On the eve of his departure from office, the Fed governor talks to Blair Baker about the forces behind the financial crisis and why we remain far from fixing the system

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