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Author/Editor:
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Singh, Manmohan
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Publication Date:
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January 28, 2013
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Electronic Access:
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Free Full text
(PDF file size is 1,244KB).
Use the free
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper highlights the changing collateral landscape and how it may shape the global demand/supply for collateral. We first identify the key collateral pools (relative to the “old” collateral space) and associated collateral velocities. Post-Lehman and continuing into the European crisis, some aspects of unconventional monetary policies pursued by central banks are significantly altering the collateral space. Moreover, regulatory demands stemming from Basel III, Dodd Frank, EMIR etc., new net debt issuance, and collateral connectivity via custodians (e.g., Euroclear/ Clearstream/ BoNY etc) will affect collateral movements.
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Order a print copy
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Series:
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Working Paper No. 13/25
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Subject(s):
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International financial system | Money supply | Demand for money | Monetary policy
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English
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Publication Date:
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January 28, 2013
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ISBN/ISSN:
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9781475542356/2227-8885
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Format:
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Paper
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Stock No:
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WPIEA2013025
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Pages:
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19
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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