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-term market that provides financing for a wide range of securitization activities and financial institutions. Repo transactions … are collateralized, frequently with securitized bonds. We refer to the combination of securitization plus repo finance as … uncertainty about bank solvency and lower values for repo collateral. Concerns about the liquidity of markets for the bonds used …
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-term market that provides financing for a wide range of securitization activities and financial institutions. Repo transactions … are collateralized, frequently with securitized bonds. We refer to the combination of securitization plus repo finance as … uncertainty about bank solvency and lower values for repo collateral. Concerns about the liquidity of markets for the bonds used …
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We study a model in which a risk-pooling intermediary such as a money market mutual fund (MMMF) is exposed to runs. In addition to providing risk-pooling services to investors, the MMMF lends funds to borrowers secured by collateral as in security repurchase transactions which are frequently...
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