Central Bank Collateral Frameworks : Principles and Policies

Principles and Policies

Central Bank Collateral Frameworks : Principles and Policies
Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collateral frameworks. It then considers the risks of adverse selection. The paper concludes that (i) the collateral framework needs to... READ MORE...

Publication date: September 2008
ISBN 9781451870800
$18.00

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