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The Changing Collateral Space / Manmohan Singh.
- Format:
- Book
- Government document
- Author/Creator:
- Singh, Manmohan.
- Series:
- IMF Working Papers; Working Paper ; No. 2013/025
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Security (Law).
- Interest rates.
- Monetary policy.
- Banks and banking, Central.
- Physical Description:
- 1 online resource (20 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2013.
- Language Note:
- English
- Summary:
- This paper highlights the changing collateral landscape and how it may shape the global demand/supply for collateral. We first identify the key collateral pools (relative to the “old” collateral space) and associated collateral velocities. Post-Lehman and continuing into the European crisis, some aspects of unconventional monetary policies pursued by central banks are significantly altering the collateral space. Moreover, regulatory demands stemming from Basel III, Dodd Frank, EMIR etc., new net debt issuance, and collateral connectivity via custodians (e.g., Euroclear/ Clearstream/ BoNY etc) will affect collateral movements.
- Contents:
- Cover; Contents; I. Introduction; II. The Old And The New Collateral Space; Figure; 1. The Old Collateral Space; Box; 1. Augmenting Rate of Return on Securities by Pledging it for Re-use; III. Factors Driving The Collateral Dynamics In The Near-Term; 2. The Changing Collateral Space; IV. Price of Money and Price of Collateral; V. Policy Suggestions; 3. U.S. IOER, Fed Funds, T-Bills and GC Rates; ECB Deposit Rate and GC Collateral; Annex; 1. Collateral Needs in the OTC Derivatives Market-CCPs and Non-cleared Trades; Table; 1. Under-Collateralization in the OTC Derivatives Market; References
- Notes:
- "Research Department"--p. 2 of pdf.
- "January 2013"--p. 2 of pdf.
- Includes bibliographical references (p. 17-18).
- Description based on print version record.
- ISBN:
- 9781475576900
- 1475576900
- 9781475563009
- 1475563000
- 9781299264984
- 1299264980
- 9781475539622
- 1475539622
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