[BOOK][B] The end of alchemy: Money, banking, and the future of the global economy

M King - 2016 - books.google.com
“Mervyn King may well have written the most important book to come out of the financial
crisis. Agree or disagree, King's visionary ideas deserve the attention of everyone from …

Renting balance sheet space: Intermediary balance sheet rental costs and the valuation of derivatives

M Fleckenstein, FA Longstaff - The Review of Financial Studies, 2020 - academic.oup.com
A long-standing asset pricing puzzle is that the funding rates in derivatives contracts often
differ from those in cash markets. We propose that the cost of renting intermediary balance …

Risk transfer with interest rate swaps

L Baker, R Haynes, J Roberts… - Financial Markets …, 2021 - Wiley Online Library
Abstract This paper proposes Entity‐Netted Notionals (ENNs) as a metric of interest rate risk
transfer in the interest rate swap (IRS) market. Unlike the ubiquitous metric of notional …

[PDF][PDF] Safe harbor or automatic stay? A structural model of repo runs

X Ma - 2017 - people.stern.nyu.edu
The granting of safe harbor (SH), ie, exemption from automatic stay (AS) of bankruptcy law,
to qualified financial contracts (QFCs) such as sale and repurchase agreements (repos), is …

[BOOK][B] Das Ende der Alchemie: Banken, Geld und die Zukunft der Weltwirtschaft

M King - 2017 - books.google.com
Während Alchemisten ihrem Ziel, wertlose Materialien in Gold zu verwandeln, bislang nicht
näher gekommen sind, können moderne Banken eine bessere Erfolgsbilanz aufweisen …

[CITATION][C] El fin de la alquimia: dinero, banca y el futuro de la economía global

M King - 2016 - Deusto