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Puts in the Shadow / Manmohan Singh.
- Format:
- Book
- Government document
- Author/Creator:
- Singh, Manmohan.
- Series:
- IMF Working Papers; Working Paper ; No. 2012/229
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Derivative securities--Mathematical models.
- Derivative securities.
- Asset-backed financing--Mathematical models.
- Asset-backed financing.
- Deposit insurance--Mathematical models.
- Deposit insurance.
- Physical Description:
- 1 online resource (22 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2012.
- Language Note:
- English
- Summary:
- In the aftermath of the Lehman crisis, payouts (i.e., taxpayer bailouts) in various forms were provided by governments to a variety of financial institutions and markets that were outside the regulatory perimeter - the "shadow" banking system. Although recent regulatory proposals attempt to reduce these "puts", we provide examples from non-banking activities within a bank, money market funds, Triparty repo, OTC derivatives market, collateral with central banks, and issuance of floating rate notes etc., that these risks remain. We suggest that a regulatory environment where puts are not ambiguous will likely lower the cost of bail-outs after a crisis.
- Contents:
- Cover; Contents; I. Introduction; Figure; 1. Put-An Example From The Housing Market; II. Shadows within a bank and around a bank; 2. Deposit/Asset Ratio of SIFIs in U.S. and Europe; 3. Depository and Non Depository base of SIBs and the Shadow Banking Sector; III. MMFs, CCPs and Tri-party Repo-in the Shadows?; A. Money Market Funds; 4. The Nonbank/Bank Nexus-Key Institutions and Markets in the Shadows; B. Qualified Financial Contracts (QFCs); Table; 1. Under-collateralization in the OTC Derivatives Space; IV. Floating Rate Note "Puts"-Are they Forthcoming?
- 5. Ratio of T-Bills/Total Debt Issued and Spread of 10 Year Minus 6 Month U.S. TreasuriesV. Some Puts will Exist Anyway-Example from Collateral Market; VI. Conclusion; References
- Notes:
- Description based upon print version of record.
- Includes bibliographical references.
- Description based on online resource; title from PDF title page (ebrary, viewed August 12, 2014).
- ISBN:
- 9781475564891
- 1475564899
- 9781475593099
- 1475593090
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