Collateral is one of the building blocks on which the financial markets are constructed. Used for a number of purposes--including trading with central counterpa

The financial crisis has led to a far-reaching redesign of the European regulatory and supervisory framework. Following the commitments made in the context of t

Collateral is one of the building blocks on which the financial markets are constructed. Used for a number of purposes--including trading with central counterpa

This paper focuses on how changes in financial plumbing of the markets may impact the monetary policy options as central banks contemplate lift off from zero lo

Large banks and dealers use and reuse collateral pledged by nonbanks, which helps lubricate the global financial system. The supply of collateral arises from sp