repurchase agreement (repo) market. In repos, long-term bonds serve as collateral connecting short-term and long-term funding … linking the repo and bond markets. My results are relevant for explaining bond market patterns that are different in the euro …

dynamic model of Treasury bonds with traditional and shadow banks. In the model, both Treasury and repo market disruptions …) imperfect substitutability between repo and bank deposits. Our model highlights the critical role of both sides of the central …

We analyze the international dimension of repo markets using novel euro area regulatory microdata. Our findings … thought, especially non-centrally cleared ones; (3) repo markets have become more collateral-driven, involving diverse nonbank … empirical applications that US monetary policy shocks spill over to euro repo rates and that negative haircuts arise from market …

This paper evaluates the salient forces behind a dealer-intermediary's decision to move a bilateral repo transaction … with a customer into central clearing. We provide evidence that dealers turn to sponsored repo on occasions when balance … find that sponsored repo spreads tend to be affected by a range of factors, with the three largest drivers being money …