The reuse of collateral can support the efficient allocation of assets in the financial system. Exploiting a novel … dataset, we quantify banks’ collateral reuse at the security level. We show that banks substantially increase their reuse of … collateral in response to scarcity induced by central bank asset purchases. Repo rates are less sensitive to purchase …

their collateral supply is determined by their ex ante securities holdings and repo rates. Second, it makes use of the …

between borrowers and lenders, we quantify the value of using patents as collateral with regard to capital access. Although … patent collateral and access to capital. We make use of mandatory collateral registry data in Sweden and the Netherlands to …-in-difference regressions on firms' debt allows deducting treatment effects of using patents as collateral. We find that patent pledging enables …