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180614 ||| eng |
| 020 |
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|a 9781475599343
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| 100 |
1 |
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|a Singh, Manmohan
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| 245 |
0 |
0 |
|a Collateral Reuse and Balance Sheet Space
|c Manmohan Singh
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2017
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| 300 |
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|a 29 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Public Administration
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| 653 |
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|a International Monetary Arrangements and Institutions
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Securities
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| 653 |
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|a Banks and banking
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Financial statements
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| 653 |
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|a Mortgages
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| 653 |
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|a Collateral
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| 653 |
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|a Central banks
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| 653 |
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|a Accounting
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| 653 |
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|a Public Sector Accounting and Audits
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| 653 |
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|a Public financial management (PFM)
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| 653 |
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|a Banking
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| 653 |
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|a Financial reporting, financial statements
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Corporation and Securities Law
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| 653 |
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|a Pension Funds
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| 653 |
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|a Financial institutions
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| 653 |
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|a Hedge funds
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| 653 |
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|a Financial Instruments
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a Loans
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| 653 |
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|a Financial instruments
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| 653 |
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|a Central bank balance sheet
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Investments: General
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| 653 |
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|a Finance, Public; Accounting
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| 653 |
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|a Financial services industry
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| 653 |
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|a Central Banks and Their Policies
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| 653 |
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|a Investment & securities
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781475599343.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2017/113/001.2017.issue-113-en.xml?cid=44892-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Transactions on wholesale capital markets are often secured by marketable collateral. However, collateral needs balance sheet space to move within the financial system. Certain new regulations that constrain private sector bank balance sheets may have the effect of impeding collateral flows. This may have important consequences for monetary policy transmission, for short term money market functioning, and for market liquidity. In this context (and in contrast to the literature, which has focused mainly on the repo market), this paper analyzes securities-lending, derivatives, and prime-brokerage markets as suppliers of collateral. It highlights the incentives created by new regulations for different suppliers of collateral. Moreover, it argues that the central banks should be mindful of the effect of their actions on the ability of markets to intermediate collateral
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