presented. The bond market comprises the interbank bond market, the exchange bond market, and the bank counter market. The two …

Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to their prime broker to be used … again as collateral by that prime broker for its own funding. In the United Kingdom, such use of a customer’s assets by a …€™s bankruptcy, the extent of rehypothecation has declined substantially, in part because investment firms fear losing collateral if …

have shifted over the past year. We estimate that the adverse impact of counterparty risk on high-grade collateral flows …

the two main compromises: the tradeoffs between maturity and collateral, and between seniority and control. The framework …

. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment …

learn from observed realizations of financial conditions. At the same time, the collateral constraint introduces a pecuniary …

The use of collateral has become one of the most widespread risk mitigation techniques. While it brings stabilizing …