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Money and collateral /

Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized assets to collateralize borrowing. The subsequent crisis has reduced the pool of assets co...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Singh, Manmohan, 1964- (Autor), Stella, Peter, 1957- (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/95.
Temas:
Acceso en línea:Texto completo

MARC

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050 4 |a HG3881.5.I58  |b W67 No. 12/95 
082 0 4 |a 332.1  |a 332.152 
049 |a UAMI 
100 1 |a Singh, Manmohan,  |d 1964-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjvX6JTd99K7Dk8GKQbBGd 
245 1 0 |a Money and collateral /  |c prepared by Manmohan Singh and Peter Stella. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2012. 
300 |a 1 online resource (21 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a data file  |2 rda 
490 1 |a IMF working paper ;  |v WP/12/95 
520 3 |a Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized assets to collateralize borrowing. The subsequent crisis has reduced the pool of assets considered acceptable as collateral, resulting in a liquidity shortage. When trying to address this, policy makers will need to consider concepts of liquidity besides the traditional metric of excess bank reserves and do more than merely substitute central bank money for collateral that currently remains highly liquid. 
504 |a Includes bibliographical references. 
505 0 |a Cover; Contents; I. Introduction; II. Money and the (Adjusted) Money Multiplier; Figure; 1. Monetary Base and Deposits at the Central Bank (1959-2011); III. Collateral; 2. U.S. Total Credit Market Assets (ratio to GDP); Table; 1. Definition of Terms Used; 3. U.S. Ratio of Total US Financial Intermediaries Liabilities to Ultimate Liquidity; 4. Ratio of Total US Commercial Bank Liabilities to Ultimate Liquidity; 5. Ratio of Total US Nonbank Financial Intermediaries Liabilities to their holdings of C1; IV. Safe Assets and Treasury-bills-What Determines their Supply? 
505 8 |a 6. Ratio of T-Bills/Total Issuance by U.S. Treasury Since 1982V. Collateral Chains; VI. Monetary Policy and Financial Lubrication; VII. Conclusion; 7. Bills/Total Issuance Relative to 10 year Yields minus 6-month Yields (1961-2011); Annex; 1. Debt Management Strategy of U.S. Treasury since the 1960s; References. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Monetary policy  |x Econometric models. 
650 0 |a Security (Law)  |x Econometric models. 
650 0 |a Securities  |x Econometric models. 
650 0 |a Liquidity (Economics)  |x Econometric models. 
650 0 |a Financial crises  |x Econometric models. 
650 6 |a Politique monétaire  |x Modèles économétriques. 
650 6 |a Sûretés (Droit)  |x Modèles économétriques. 
650 6 |a Liquidité (Économie politique)  |x Modèles économétriques. 
650 7 |a Financial crises  |x Econometric models  |2 fast 
650 7 |a Liquidity (Economics)  |x Econometric models  |2 fast 
650 7 |a Monetary policy  |x Econometric models  |2 fast 
650 7 |a Securities  |x Econometric models  |2 fast 
700 1 |a Stella, Peter,  |d 1957-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjGqwB8yDVmGfDwkJt3Hhb 
710 2 |a International Monetary Fund.  |b Research Department,  |e issuing body. 
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830 0 |a IMF working paper ;  |v WP/12/95. 
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