Financial Plumbing and Monetary Policy

Preprint OPEN
Manmohan Singh (2014)
  • Subject: Financial stability;Financial intermediation;Central banks;Balance sheets;Repurchase agreements;Reserves;Securities markets;Monetary policy;International financial markets;United States;quantitative easing, collateral velocity, Federal Reserve, repo rate, hedge, hedge funds, hedge fund, Government Policy and Regulation, International Monetary Arrangements and Institutions, Corporation and Securities Law,

This paper focuses on how changes in financial plumbing of the markets may impact the monetary policy options as central banks contemplate lift off from zero lower bound (ZLB). Under the proposed regulations, banks will face leverage ratio constraints. As a result of qu... View more
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