Collateral Markets and Financial Plumbing (3rd Edition)
First published:
If you are a Risk.net subscriber you are entitled to 20% off your Risk books purchases. Please email enquiries@riskbooks.com for more information.
As part of your Risk.net subscription you are entitled to 20% off all of your Risk Books purchases. If you would like to place an order please email enquiries@riskbooks.com
Introduction
Introduction
Foreword
Introduction
Collateral in Financial Plumbing
Collateral Velocity
Leverage in the Financial System
Quantitative Easing and the IS/LM Framework
Money, Collateral and Safe Assets
“Reverse” Monetary Policy Transmission
Central Bank Balance Sheet Policies and Emerging Markets
The Collateral Custodians
The Changing Collateral Space
Collateral in the OTC Derivatives Market
CCP Resolution Remains Unresolved
The Sovereign–Bank Nexus via OTC Derivatives
Privacy Provision, Payment Latency and the Role of Collateral
Conclusion
Annex: Chapter 2
Annex: Chapter 7
The book provides a practical understanding of how financial collateral moves across jurisdictions. It complements the present thinking by drawing on the basic legal underpinnings of financial collateral, the sources and key players in this market, and how the size of this market is relevant from a monetary and macroeconomic perspective.
Since Lehman’s bankruptcy and the bailout of AIG, regulators have admitted several weaknesses in the financial system. The book provides persuasive economic reasoning to mull over and better understand the forthcoming changes that will straddle most of the themes in the book: a full(er) picture of leverage, dealer balance sheet constraints, large central bank balance sheets, OTC derivatives, CCP resolution and forthcoming changes in payment systems, and money aggregates. These activities are the nuts and bolts of financial plumbing, which is lubricated by money and collateral.
The book is not intended to be mathematical or analytical, but attempts to cover issues often overlooked by policymakers, academics and markets. The intuitive approach highlights that the pledged-collateral world spans many jurisdictions and so cannot be documented
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
