balances. Our findings are timely, given the ongoing shrinking of central bank balance sheets around the world in response to …

demand of new margin and clearing practices and regulations. We decompose collateral demand for both customers and dealers … impact on collateral demand of more widespread initial margin requirements, increased novation of CDS to central clearing … parties (CCPs), an increase in the number of clearing members, the proliferation of CCPs of both specialized and non …

as a dominant form of "digital cash" and expands payment and credit access to underserved consumers without increasing …

and consumer information from a world-leading provider based in China, with over 1 billion users globally and a business … borrowing when incurring interest charges. The insights likely prove informative for economies transitioning from cash-heavy to …