Pledged Collateral Market s Role in Transmission to Short Term Market Rates is popular PDF and ePub book, written by Mr.Manmohan Singh in 2019-05-17, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Pledged Collateral Market s Role in Transmission to Short Term Market Rates can be Read Online from any device for your convenience.
Pledged Collateral Market s Role in Transmission to Short Term Market Rates Book PDF Summary
In global financial centers, short-term market rates are effectively determined in the pledged collateral market, where banks and other financial institutions exchange collateral (such as bonds and equities) for money. Furthermore, the use of long-dated securities as collateral for short tenors—or example, in securities-lending and repo markets, and prime brokerage funding—impacts the risk premia (or moneyness) along the yield curve. In this paper, we deploy a methodology to show that transactions using long dated collateral also affect short-term market rates. Our results suggest that the unwind of central bank balance sheets will likely strengthen the monetary policy transmission, as dealer balance-sheet space is now relatively less constrained, with a rebound in collateral reuse.
Detail Book of Pledged Collateral Market s Role in Transmission to Short Term Market Rates PDF
- Author : Mr.Manmohan Singh
- Release : 17 May 2019
- Publisher : International Monetary Fund
- ISBN : 9781498312790
- Genre : Business & Economics
- Total Page : 21 pages
- Language : English
- PDF File Size : 19,9 Mb
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