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Central Bank Collateral Frameworks : Principles and Policies.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: McCaughrin, Rebecca
Otros Autores: Gray, Simon, Chailloux, Alexandre
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • ""Cover Page""; ""Title Page""; ""Copyright Page""; ""Contents""; ""I. Central Bank Operations and Collateral""; ""II. Central Bank Collateral Frameworks""; ""A. Collateral Policy Key Principles""; ""1. The Real Bills Doctrine""; ""B. Modern Collateral Policies""; ""2. A Mapping of Central Bank Collateral Frameworks""; ""1. Mapping of Collateral Frameworks""; ""C. Bank Loans as Collateral""; ""D. Foreign Exchange Swaps and Securities as Collateral""; ""III. Collateral Policy and Adverse Selection""; ""A. Liquidity Demand and Collateral Impact in Time of Crisis""
  • ""2. The Inverted Money Pyramid: Reserve Money Shock""""3. The Inverted Money Pyramid: Funding Shock""; ""B. Adverse Selection Mechanisms and “Market Neutralityâ€?""; ""4. Eurosystem Collateral""; ""3. Eurosystem Operations and Collateral Selection""; ""5. Eurosystem Operations and Collateral Selection""; ""6. Federal Reserveâ€?Composition of Collateral""; ""1. Federal Reserve Bank Short-Term OMO Collateral""; ""2. Eurosystem Collateral Use vs. Availability 2007""; ""7. Euro-area Widening of Spreads""; ""IV. Dynamic Management of a Collateral Framework""
  • ""A. Merits of a Contra-cyclical Collateral Framework""""8. Countercyclical Collateral Framework""; ""B. Central Bank Balance Sheet and Collateral Intensity""; ""C. The Case for Harmonized Collateral Frameworks""; ""V. Conclusions""; ""1. Collateral and the 2007-08 Market Turmoil""; ""2. United States Collateral Framework""; ""9. Federal Reserve: Repo Collateral""; ""10. Federal Reserve: Primary Credit Facility Collateral""; ""3. Federal Reserve Bank Collateral Haircuts""; ""3. The Eurosystem Collateral Framework""; ""4. Eurosystem: Summary of Bank Loan Eligibility Criteria""
  • ""5. Eurosystem: Haircut Schedule for Nonmarketable Collateral""""11. Eurosystem Use of Bank Loans by Country before and after the Single List""; ""4. United Kingdom Collateral Framework""; ""6. Margin Ratios for Wider Collateral Pool""; ""4. Bank of England Concentration Limits""; ""5. Bank of England Rules for Extended Collateral in 3-month OMOs""; ""6. Bank of England Arrangements for Loans Secured Against Mortgages""; ""5. Risk Control Measures (as of May 2008)""; ""References""; ""Footnotes""