repurchase agreements (“Repos”). By varying haircuts applied to securities that serve as collateral in repurchase agreements the …

We use an extensive data set of bilateral exposures on credit default swap (CDS) to estimate the impact on collateral … demand of new margin and clearing practices and regulations. We decompose collateral demand for both customers and dealers … impact on collateral demand of more widespread initial margin requirements, increased novation of CDS to central clearing …

decouple across secured and unsecured markets following an adverse shock to credit risk. The scarcity of underlying collateral …

changed the way in which they implement monetary policy. This has drawn particular attention to the type of collateral used … operations. This paper provides an overview of the features of the different operational and collateral frameworks of three … initial design of the operational and collateral framework. JEL Classification: E52, E58, G01, G20. …

for CDS sellers is found to be sudden increases in collateral requirements on multiple correlated CDS exposures. Close …

A standard repurchase agreement between two counterparties is considered to examine the endogenous choice of collateral … assets, the feasibility of secured lending, and welfare implications of the central bank’s collateral framework. As an …