Since the financial crisis, attention has focused on central counterparties (CCPs) as a solution to systemic risk for a … risk. -- Financial system regulation and policies ; Financial stability ; Payment, clearing, and settlement systems …

structural characteristics of Korean repo markets and proposes the introduction of CCPs as a way to mitigate systemic risk. To … capital through netting in multilateral transactions, and they can mitigate the effects of risk transfer by isolating … counterparty risk during periods of turbulence. In Korea, the latter effect is expected to play a pivotal role in mitigating …

focus on individual, rather than systemic, risk of financial institutions. Focusing on systemically important assets and … capable of inducing market discipline and mitigating moral hazard, but also capable of addressing the associated systemic risk …, for instance, due to the risk of fire sales of collateral assets. Furthermore, because of our focus on SIALs, our proposed …

, and near-frictionless refinancing opportunities - led to vastly increased systemic risk in the financial system …

between risk and uncertainty is implemented by applying the Gilboa-Schmeidler (1989) maxmin with multiple priors framework to …

markets that had no connection to housing. We find that changes in the "LIB-OIS" spread, a proxy for counterparty risk, was …