Contagion: Chain Reactions and the CoCo Powder Keg
Many Happy Returns
What's the Signaling Problem With Barclays?
The fine print of credit Swiss's cocoa bond contract says that in an event like this, they could be completely wiped out. There's around $275 billion worth of cocoa bonds issued in the European market. And then we get the signaling problem, which is that if the cocoa bonds sell off for a given bank, or I don't know, let's say bark, please,. What's that telling me?
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