dependent on repo financing - in particular, the hedge fund and broker-dealer sector - have reduced asset holdings, while the …

uncertainty about bank solvency and lower values for repo collateral. Concerns about the liquidity of markets for the bonds used … as collateral led to increases in repo "haircuts": the amount of collateral required for any given transaction. With …The Panic of 2007-2008 was a run on the sale and repurchase market (the "repo" market), which is a very large, short …

-and-repurchase (repo) contracts. Exemption from an automatic stay in bankruptcy enables financial intermediaries to raise greater liquidity … the cost of ex-post inefficiency when there are adverse aggregate shocks to the fundamental quality of collateral … shocks by engaging in collateral liquidations. Financial arbitrage by less leveraged financial intermediaries equilibrates …

, including quantities, haircuts, and repo rates by type of underlying collateral. We find that repo played only a small role in … funding private sector assets prior to the crisis, as most repos are backed by Treasury and Agency collateral. Repo with …We measure the repo funding extended by money market funds (MMF) and securities lenders to the shadow banking system …

We provide an overview of the data required to monitor repo and securities lending markets for the purposes of … comprehensive collection would include, at a minimum, six characteristics of repo and securities lending trades at the firm level …: principal amount, interest rate, collateral type, haircut, tenor, and counterparty …

sold. As a result, there was an increase in repo haircuts (the initial margin), causing massive deleveraging. I investigate … underlying bonds broke down because liquidity evaporated in the repo market. This breakdown allows a glimpse of the information … problems that led to illiquidity in the repo markets, and the extent of the demand for protection against subprime risk …

them with nine other central banks and establishing a financial institutions and monetary authorities (FIMA) repo facility … dollar liquidity lines through the swap arrangements and the new repo facility. Access to dollar liquidity also reflects …

provide quantity evidence of the run on repo through an examination of the collateral brought to emergency liquidity … facilities of the Federal Reserve. We show that the magnitude of repo discounts ("haircuts") on specific collateral is related to … sale-and-repurchase ("repo") market, where prices show strong reactions during the crisis. The academic literature and …