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Dealers' insurance, market structure, and liquidity
Carapella, Francesca; Monnet, Cyril - 2018
regulations aimed at reducing counterparty risk and improving liquidity can be ineffcient. Such regulations have a direct positive …
Persistent link: https://www.econbiz.de/10011873224
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Dealers' insurance, market structure, and liquidity
Carapella, Francesca; Monnet, Cyril - 2017
We develop a parsimonious model to study the equilibrium structure of financial markets and its efficiency properties. We find that regulations aimed at improving market outcomes can cause inefficiencies. The welfare benefit of such regulation stems from endogenously improving market access for...
Persistent link: https://www.econbiz.de/10011803686
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Dealers' insurance, market structure, and liquidity
Carapella, Francesca; Monnet, Cyril - 2020
Persistent link: https://www.econbiz.de/10012238515
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Dealers' insurance, market structure, and liquidity
Carapella, Francesca; Monnet, Cyril - In: Journal of financial economics 138 (2020) 3, pp. 725-753
Persistent link: https://www.econbiz.de/10012653134
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Brexit and the implications for financial services
Jackson, Patricia (contributor) - 2017
On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...
Persistent link: https://www.econbiz.de/10011985209
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Brexit and the implications for financial services : edited by Patricia Jackson, introduced by Morten Balling, Ernest Gnan and Patricia Jackson; contributions by Franklin Allen, Jo...
Jackson, Patricia; Balling, Morten; Gnan, Ernest; … - Conference on "Brexit and the Implications for …; … - 2017
On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...
Persistent link: https://www.econbiz.de/10011712197
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Central counterparties' insolvency and resolution : the new EU regulation on CCP recovery and resolution
Binder, Jens-Hinrich - 2021
With its new Regulation on the Recovery and Resolution of Central Counterparties, European Capital Markets Law has filled an important void in the regulatory framework for the operation of central counterparties, which has been established with the EU Markets Infrastructures Regulation (EMIR) as...
Persistent link: https://www.econbiz.de/10012438443
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Central clearing and systemic liquidity risk
King, Thomas B.; Nesmith, Travis D.; Paulson, Anna Louise; … - 2019
. Moreover, although they mitigate credit risk, CCPs create liquidity risks, because they rely on participants to provide cash …. Such requirements increase with both market volatility and default; consequently, CCP liquidity needs are inherently … financial institutions default. Liquidity-focused macroprudential stress tests could help to assess and manage this systemic …
Persistent link: https://www.econbiz.de/10012130105
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Asset-liability management with ultra-low interest rates
Grossman, Richard S.; Molyneux, Philip; Lambert, Frederic; … - Conference on Asset-Liability Management with Ultra-Low …; … - 2015
On 11 March 2015, SUERF jointly organised a conference with the Oesterreichische Nationalbank and the Austrian Society for Bank Research (Bankwissenschaftliche Gesellschaft - BWG). The present SUERF Study 2015/2 includes a selection of papers based on the authors' contributions to the Vienna...
Persistent link: https://www.econbiz.de/10011413495
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Shadow banking: Financial intermediation beyond banks
Jokivuolle, Esa (contributor) - 2018
Shadow banking is a broad concept. A possible definition is that it comprises non-bank institutions which undertake bank-like activities. Another characteristic is that the sector is overall less regulated. Therefore there are still shortcomings in systematic collection of information of the sector.
Persistent link: https://www.econbiz.de/10011985212