Central Bank Collateral Frameworks Principles and Policies
| Other author | Mccaughrin, Rebecca |
| Other author | Gray, Simon |
| Other author | Chailloux, Alexandre |
| Format | Electronic |
| Publication Info | Washington : International Monetary Fund |
| Description | 16 p. 11.000 x 08.500 in. |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Series | IMF Working Papers No. 08/222 |
| Summary | Annotation Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collateral frameworks. It then considers the risks of adverse selection. The paper concludes that (i) the collateral framework needs to include market incentives; (ii) central banks face trade-offs between risk and counterparty access; (iii) emerging markets may see pressure on collateral policies in coming years; and (iv) further work is required to develop pricing incentives and the structure of central bank facilities, both during normal times and in periods of market stress. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781451870800 |
| ISBN | 1451870809 (Trade Paper) Active Record |
| Standard identifier# | 9781451870800 |
| Stock number | 22343 00013468 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |