Angelo Ranaldo

Title

Prof. Dr.

Last Name

Ranaldo

First name

Angelo

Email

angelo.ranaldo@unisg.ch

Phone

+41 71 224 7010

Homepage

https://www.unisg.ch/en/universitaet/schools/finance/ueber-die-sof/lehrstuhl_ranaldo

RePec

http://ideas.repec.org/e/pra161.html

SSRN

http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=253421

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Euro repo market functioning: collateral is king

(BIS, 2019-12-08)
Schaffner, Patrick
;
Ranaldo, Angelo
;
Tsatsaronis, Kostas
;
Wooldridge, Philip

Repo markets play a major role in redistributing liquidity and collateral between financial institutions. A unique transaction-level database reveals how the euro-denominated repo market has performed since the mid-2000s. We find that the market recovered strongly from periods of intense stress, even though it remains segmented according to the home country of the collateral used. In recent years, signs of segmentation have increased as the main motivation of repo market participants has shifted from funding to the trading of collateral.

Type: journal article

Journal: BIS Quarterly Review

Volume: December 2019

URL: https://www.bis.org/publ/qtrpdf/r_qt1912k.htm

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/97957