Discretion-based trigger CoCos seems less effective bail-in tools than rule-based triggers CoCos. If so, can...
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Discretion-based trigger CoCos seems less effective bail-in tools than rule-based triggers CoCos. If so, can we judge that the bail-in system of countries that issue only discretion-based trigger CoCos(ex. Japan, Korea, and Canada) is insufficient compared to that of countries that issue both Cocos together or only rule-based triggers (ex. France)?
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