The global financial crisis has propelled several trends in wholesale financial markets that are causing an increase in the demand for high-quality collateral. On the money market more transactions are now secured instead of unsecured and in OTC derivatives markets CCP clearing for standardized...

International liquidity and collateral management poses a challenge to banks as it needs to adapt to ever-changing circumstances. These circumstances are now in a state of flux because of the financial crisis. Financial market behaviour has changed, the importance of high-quality collateral has...

Although - partly as a result of the financial crisis - central banks are increasingly inclined to accept foreign collateral, it is hard to find analyses dealing explicitly with the consequences of such collateral for a country's central bank and supervisor. The scientific literature on this...

High-quality collateral is in greater demand than before the financial crisis, due to more prudent counterparty risk management as well as new regulations governing OTC derivatives and liquidity. Against this background financial institutions are currently reassessing their collateral...

Sovereign default is the switching state between successful and unsuccessful Fund catalysis. We find the IMF to be effective in mobilising private capital flows to middle-income countries that participate in a Fund program, but do not restructure their debt. A debt restructuring is a clear...