counterparties; (ii) a congruence of collateral policies with market developments; (iii) an ability to increase the average maturity … of liquidity provision; and (iv) central bank cooperation to facilitate the use of cross-border collateral. Flexible use …

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 …

been a significant decline in the interconnectedness in the pledged collateral market between banks and nonbanks. We find … that both the collateral and its associated velocity are not rebounding as of end-2011 and still about $4-5 trillion lower …

borrowing. The subsequent crisis has reduced the pool of assets considered acceptable as collateral, resulting in a liquidity … of excess bank reserves and do more than merely substitute central bank money for collateral that currently remains …

that allows collateral posted by, say, a hedge fund to its prime broker to be used again as collateral by that prime broker … rehypothecation (and the associated re-use of collateral) in the recent crisis indicates that the collapse in non-bank funding to … provide estimates from the hedge fund industry for the - churning - factor or re-use of collateral. From a policy angle …

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

Large banks and dealers use and reuse collateral pledged by nonbanks, which helps lubricate the global financial system …. The supply of collateral arises from specific investment strategies in the asset management complex, with the primary … been a significant decline in the source collateral for the large dealers that specialize in intermediating pledgeable …