 | CDS Spreads in European Periphery - Some Technical Issues to Consider Author/Editor: Mohsan Bilal, Manmohan Singh. Release Date:March, 2012 This paper looks at some technical issues when using CDS data, and if these are incorporated, the analysis or regression results are likely to benefit. The paper endorses the use of stochastic more...
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 | The Nonbank-Bank Nexus and the Shadow Banking System Author/Editor: Manmohan Singh, Zoltan Pozsar. Release Date:December, 2011 The present way of thinking about financial intermediation does not fully incorporate the rise of asset managers as a major source of funding for banks through the shadow banking system. Asset more...
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| Velocity of Pledged Collateral : Analysis and Implications Author/Editor: Manmohan Singh. Release Date:November, 2011 Large banks and dealers use and reuse collateral pledged by nonbanks, which helps lubricate the global financial system. The supply of collateral arises from specific investment strategies in the more...
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| Making OTC Derivatives Safe : A Fresh Look Author/Editor: Manmohan Singh. Release Date:March, 2011 Recent regulatory efforts, especially in the U.S. and Europe, are aimed at reducing moral hazard so that the next financial crisis is not bailed out by tax payers. This paper looks at the possibility more...
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| Price of Risk : Recent Evidence From Large Financials Author/Editor: Manmohan Singh, Karim Youssef. Release Date:August, 2010 Probability of default (PD) measures have been widely used in estimating potential losses of, and contagion among, large financial institutions. In a period of financial stress however, the existing more...
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| The (Sizable) Role of Rehypothecation in the Shadow Banking System Author/Editor: Manmohan Singh, James Aitken. Release Date:July, 2010 This paper examines the sizable role of rehypothecation in the shadow banking system. Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to its prime broker to be more...
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| Collateral, Netting and Systemic Risk in the OTC Derivatives Market Author/Editor: Manmohan Singh. Release Date:April, 2010 To mitigate systemic risk, some regulators have advocated the greater use of centralized counterparties (CCPs) to clear Over-The-Counter (OTC) derivatives trades. Regulators should be cognizant that more...
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| Counterparty Risk, Impacton Collateral Flows and Role for Central Counterparties Author/Editor: James Aitken, Manmohan Singh. Release Date:August, 2009 Counterparty risk in the United States stemming from exposures to OTC derivatives payables (after netting) is now concentrated in five banks?Goldman Sachs, JPMorgan, Bank of America, Morgan Stanley more...
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| Deleveraging After Lehman : Evidence From Reduced Rehypothecation Author/Editor: James Aitken, Manmohan Singh. Release Date:March, 2009 Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to their prime broker to be used again as collateral by that prime broker for its own funding. In the United more...
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| The Use (and Abuse) of CDS Spreads During Distress Author/Editor: Carolyne Spackman, Manmohan Singh. Release Date:March, 2009 Credit Default Swap spreads have been used as a leading indicator of distress. Default probabilities can be extracted from CDS spreads, but during distress it is important to take account of the more...
| Price: $18.00
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