Search Results - subject:"collateral multiplier"

Shadow banks and the collateral multiplier

Michl, Thomas R.; Park, Hyun Woong - 2021

With an emphasis on contributing to macroeconomic pedagogy we examine the collateral multiplier by comparing it to the … creating deposits, the collateral multiplier is a measure of the shadow banking system's ability to inter- mediate sovereign … collateral multiplier is defined as the ratio between dealer banks' matched book repo activity relative to their trading book …

Persistent link: https://www.econbiz.de/10012606447

Shadow banks and the collateral multiplier

Michl, Thomas R.; Park, Hyun Woong - 2021

Persistent link: https://www.econbiz.de/10012549809

A Theory of Repurchase Agreements, Collateral Re-use, and Repo Intermediation

Gottardi, Piero; Maurin, Vincent; Monnet, Cyril - 2017

and generates a "collateral multiplier" effect. Finally, we show that intermediation by dealers may endogenously arise in …

Persistent link: https://www.econbiz.de/10011698746

A theory of repurchase agreements, collateral re-use, and repo intermediation

Gottardi, Piero; Maurin, Vincent; Monnet, Cyril - 2017

and generates a "collateral multiplier" effect. Finally, we show that intermediation by dealers may endogenously arise in …

Persistent link: https://www.econbiz.de/10011687978

A theory of repurchase agreements, collateral re-use, and repo intermediation

Gottardi, Piero; Maurin, Vincent; Monnet, Cyril - 2017

Persistent link: https://www.econbiz.de/10011688771

Re-hypothecation of securities.

Bottazzi, Jean-Marc; Luque, Jaime; Páscoa, Mário - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010

By introducing repro markets we understand how agents need to borrow issued securities before shorting them : (re)-hypothecation is at the heart of shorting. Non-negative amounts of securities in the box of an agent (amounts borrowed or owned but not lent on) can be sold, and recursive use of...

Persistent link: https://www.econbiz.de/10008622045

Re-hypotecation of securities

Bottazzi, Jean-Marc; Luque, Jaime; Páscoa, Mário - HAL - 2010

Persistent link: https://www.econbiz.de/10010603673