Format:
Online-Ressource (17 p)
Edition:
Online-Ausg.
ISBN:
1484384911
,
9781484384916
Series Statement:
IMF Working Papers Working Paper No. 13/186
Content:
Financial lubrication in markets is indifferent to margin posting via money or collateral; the relative price(s) of money and collateral matter. Some central banks are now a major player in the collateral markets. Analogous to a coiled spring, the larger the quantitative easing (QE) efforts, the longer the central banks will impact the collateral market and associated repo rate. This may have monetary policy and financial stability implications since the repo rates map the financial landscape that straddles the bank/nonbank nexus
Additional Edition:
Erscheint auch als Druck-Ausgabe Singh, Manmohan Collateral and Monetary Policy Washington, D.C. : International Monetary Fund, 2013 ISBN 9781484384916
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484384916.001
Author information:
Kumar, Manmohan S.
