Euro repo market functioning: collateral is king
Journal
BIS Quarterly Review
Type
journal article
Date Issued
2019-12-08
Author(s)
Editor(s)
Wooldridge, Philip
Abstract
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.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SOF - System-wide Risk in the Financial System
Refereed
No
Publisher
BIS
Publisher place
Basel
Volume
December 2019
Start page
95
End page
108
Pages
14
Official URL
Subject(s)
Eprints ID
259248
File(s)![Thumbnail Image]()
Name
r_qt1912k.pdf
Size
747.34 KB
Format
Adobe PDF
Checksum (MD5)
d3d45da60caa619361c0bdf8a28dc859