credit risk in central bank's repo portfolios. In the model default times of counterparties and collateral issuers are …Central bank lending to commercial banks is typically collateralized which reduces central bank's credit risk exposure … to “double default events” when the counterparty and the issuer of the underlying collateral asset both default in a …

credit risk in central bank's repo portfolios. In the model default times of counterparties and collateral issuers are …Central bank lending to commercial banks is typically collateralized which reduces central bank's credit risk exposure … to “double default events” when the counterparty and the issuer of the underlying collateral asset both default in a …

Using supervisory data from UK central counterparties (CCPs), we study a collateral cycle in which market participants …

Credit claims (or bank loans) represent a large share of the collateral accepted by the Eurosystem in its credit … operations in recent years. Hence the techniques and procedures used in the use of credit claims as collateral have become … accepted by the Eurosystem. While several types of credit claims are eligible as Eurosystem collateral, each type of credit …