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This article summarizes a conference, titled “Issues Related to Central Counterparty Clearing,” cosponsored by the … Federal Reserve Bank of Chicago and the European Central Bank on April 3–4, 2006. The conference brought together industry … executives, policymakers, and research economists to evaluate current public policy issues involving central counterparties. …
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, the crisis ended following a rather modest interest rate cut by the Federal Reserve. Why did the central bank's action …
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function as central counterparties (CCPs). Most OTC derivatives are settled bilaterally. This article discusses how these …
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