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The looming deficit has already led two major bond-rating firms to issue warnings about the state's credit.
For example, some countries allow firms to issue non-voting shares to small shareholders, or to dilute their voting power in other ways.
China has taken some baby steps in this direction, for instance by allowing firms to issue yuan-denominated bonds in Hong Kong.
A far better idea is to force financial firms to issue much more equity (stock), as Stanford University's Anat Admati has proposed.
We also show that in more recent ERAs, regional audit firms have been more likely than BigN and national audit firms to issue a going concern report to their financially stressed pubic clients.
Despite the multibillion-dollar figure, many of Britain's banks have already announced plans to meet the shortfall, and analysts said they did not expect firms to issue new equity to reinforce their capital positions.
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At least one pension fund subsequently refused to deal with Blackstone, most likely pushing the private equity firm to issue a remarkable statement that the firm opposed "scapegoating" of public employees and that it believed "a pension is a promise" that should be honored.
It is highly unusual for a major Wall Street firm to issue research on an initial public offering being brought by another underwriter -- some say the last such case was in 1987, when Conrail went public and PaineWebber issued a report -- and that added to the attention given the report written by Romitha Mally, the Goldman analyst.
It led the law firm to issue a warning on its website urging people not to open the emails.
Some Rio investors have recently called for the firm to issue shares instead of doing the deal.
Two councils, Blaenau Gwent and Vale of Glamorgan, use a private firm to issue penalties to dog owners who leave litter.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com