자료유형 | 단행본 |
---|---|
서명/저자사항 | "Puts" in the shadow/ prepared by Manmohan Singh. |
개인저자 | Singh, Manmohan,1964-. |
단체저자명 | International Monetary Fund. |
발행사항 | Washington, D.C.: International Monetary Fund, 2012. |
형태사항 | 1 online resource (21 pages): charts. |
총서사항 | IMF working paper;WP/12/229 |
ISBN | 1475555709 9781475555707 |
일반주기 |
"September 2012."
|
서지주기 | Includes bibliographical references (page 21). |
요약 | In the aftermath of the Lehman crisis, payouts (i.e., taxpayer bailouts) in various forms were provided by governments to a variety of financial institutions and markets that were outside the regulatory perimeter - the - "shadow" banking system. Although recent regulatory proposals attempt to reduce these - "puts", we provide examples from non-banking activities within a bank, money market funds, Triparty repo, OTC derivatives market, collateral with central banks, and issuance of floating rate notes etc., that these risks remain. We suggest that a regulatory environment where puts are not ambiguous will likely lower the cost of bail-outs after a crisis. |
일반주제명 | Derivative securities --Econometric models. Asset-backed financing --Econometric models. Deposit insurance --Econometric models. Moral hazard --Econometric models. BUSINESS & ECONOMICS --Finance. |
언어 | 영어 |
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