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Clearing networks
Galbiati, Marco; Soramäki, Kimmo - In: Journal of economic behavior & organization : JEBO 83 (2012) 3, pp. 609-626
Persistent link: https://www.econbiz.de/10009697983
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The Structure of Central Counterparty Clearing Networks and Network Stability
Song, Rui - 2012
This paper measures central counterparty (CCP) clearing-network risk as the probability that the maximum cleared … exposure of a CCP to an individual clearing member is atypically large. Our analytical derivation of this probability uses the … and concentration) of the clearing network. We also derive and compute a CCP's Maximum-Exposure-at-Risk and relate it to …
Persistent link: https://www.econbiz.de/10013106221
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The end of the waterfall : default resources of central counterparties
Cont, Rama - In: Journal of risk management in financial institutions 8 (2015) 4, pp. 365-389
Persistent link: https://www.econbiz.de/10011531210
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Identifying historical episodes for central counterparty stress testing
Murphy, David; Macdonald, David - In: The journal of financial market infrastructures 4 (2016) 3, pp. 93-115
Persistent link: https://www.econbiz.de/10011485396
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I want security : stylized facts about central counterparty collateral and its systemic context
Holden, Henry; Houllier, Melanie; Murphy, David - In: The journal of financial market infrastructures 5 (2016) 2, pp. 53-75
Persistent link: https://www.econbiz.de/10011673758
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Central clearing counterparties' recovery and resolution : where do we stand in the European Union?
Peters, Marc; Wollny, Heinrich - In: Journal of securities operations & custody 11 (2019) 2, pp. 98-111
Persistent link: https://www.econbiz.de/10012028557
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Restructuring counterparty credit risk
Albanese, Claudio; Brigo, Damiano; Oertel, Frank - 2013
, configurations where all derivative transactions are cleared through a central counterparty (CCP). We compare the various structuring …
Persistent link: https://www.econbiz.de/10010312025
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How central is central counterparty clearing? : a deep dive into a European repo market during the crisis
Ebner, André; Fecht, Falko; Schulz, Alexander - 2016
Repo markets offering central counterparty (CCP) clearing and anonymized trading were remarkably resilient during the …
Persistent link: https://www.econbiz.de/10011483061
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Policy perspectives on OTC derivatives market infrastructure
Duffie, Darrell; Li, Ada; Lubke, Theo - 2010
In the wake of the recent financial crisis, over-the-counter (OTC) derivatives have been blamed for increasing systemic risk. Although OTC derivatives were not a central cause of the crisis, the complexity and limited transparency of the market reinforced the potential for excessive risk-taking,...
Persistent link: https://www.econbiz.de/10010287190
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Policy Perspectives on OTC Derivatives Market Infrastructure
Duffie, Darrell; Li, Ada; Lubke, Theo - Becker Friedman Institute for Research in Economics, … - 2010
In the wake of the recent financial crisis, over-the-counter (OTC) derivatives have been blamed for increasing systemic risk. Although OTC derivatives were not a central cause of the crisis, the complexity and limited transparency of the market reinforced the potential for excessive risk-taking,...
Persistent link: https://www.econbiz.de/10009399804