its counterparties: 1) correlation across and within derivative classes (i.e., systematic risk), 2) collateralization of …Through the lens of market participants' objective to minimize counterparty risk, we provide an explanation for the … reluctance to clear derivative trades in the absence of a central clearing obligation. We develop a comprehensive understanding …

its counterparties: 1) correlation across and within derivative classes (i.e., systematic risk), 2) collateralization of …Through the lens of market participants' objective to minimize counterparty risk, we provide an explanation for the … reluctance to clear derivative trades in the absence of a central clearing obligation. We develop a comprehensive understanding …

Mutual fund risk-taking via active portfolio rebalancing varies both in the crosssection and over time. In this paper …, I show that the same is true for funds' off- balance sheet risk-taking, even after controlling for on-balance sheet … information. In the empirical application, I show that German equity funds have increased their risk-taking via synthetic leverage …

Mutual fund risk-taking via active portfolio rebalancing varies both in the cross-section and over time. In this paper …, I show that the same is true for funds' off- balance sheet risk-taking, even after controlling for on-balance sheet … information. In the empirical application, I show that German equity funds have increased their risk-taking via synthetic leverage …