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Persistent link: https://www.econbiz.de/10011873375
We propose a novel central clearing counterparty (CCP) design for a financial network with multilateral clearing, where the participation rate of individual banks depends on the volume-based fee charged by the CCP. We introduce a general demand function for the individual banks' partici- pation...
Persistent link: https://www.econbiz.de/10012935328