In global financial centers, short-term market rates are effectively determined in the pledged collateral market, where … banks and other financial institutions exchange collateral (such as bonds and equities) for money. Furthermore, the use of … long-dated securities as collateral for short tenors-or example, in securities-lending and repo markets, and prime …

Adequate loan classification practices are an essential part of a sound and effective credit risk-management process in …. Two key issues arise with regard to the use of collateral in the context of loan classification and provisioning. In … particular, the questions arise whether collateral should be taken into account in classifying a collateralized loan, and whether …

global perspective. At the same time, collateral requirements applied by banks are onerous and also constrain the quantity of …, higher capital, lower credit risk, larger loan size, lower deposit rates and external funding costs, as well as a stronger … the high collateral requirements. Reforms in all these areas would support greater financial inclusion in the aftermath of …

To mitigate systemic risk, some regulators have advocated the greater use of centralized counterparties (CCPs) to clear … market do not hold collateral against all the positions in their trading book and the paper proves an estimate of this under …-collateralization. Whatever collateral is held by banks is allowed to be rehypothecated (or re-used) to others. Since CCPs would require all …

Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the … rationale for and constraints in taking collateral, and recent practices in different collateral frameworks. It then considers … the risks of adverse selection. The paper concludes that (i) the collateral framework needs to include market incentives …

between capital flows and domestic collateral constraints. The key feature of our theory is the existence of an 'Expansionary …We provide a theory of the limits to monetary policy independence in open economies arising from the interaction …