Biais, B.; Heider, F.; Hoerova, M. - In: Financial Stability Review (2013) 17, pp. 161-168
Policy-makers around the world recognise central clearing counterparties (CCPs) as a key tool to enhance financial stability. Recent research supports the arguments for an increased role for CCPs. CCPs can insure against counterparty risk through mutualisation, enable implementation of adequate...