"Puts" in the shadow /
Saved in:
Author / Creator: | Singh, Manmohan, 1964- |
---|---|
Imprint: | Washington, D.C. : International Monetary Fund, 2012. |
Description: | 1 online resource (21 pages) : charts |
Language: | English |
Series: | IMF working paper, 1018-5941 ; WP/12/229 IMF working paper ; WP/12/229. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12500801 |
Summary: | In the aftermath of the Lehman crisis, payouts (i.e., taxpayer bailouts) in various forms were provided by governments to a variety of financial institutions and markets that were outside the regulatory perimeter - the "shadow" banking system. Although recent regulatory proposals attempt to reduce these "puts", we provide examples from non-banking activities within a bank, money market funds, Triparty repo, OTC derivatives market, collateral with central banks, and issuance of floating rate notes etc., that these risks remain. We suggest that a regulatory environment where puts are not ambiguous will likely lower the cost of bail-outs after a crisis. |
---|---|
Item Description: | "September 2012." |
Physical Description: | 1 online resource (21 pages) : charts |
Bibliography: | Includes bibliographical references (page 21). |
ISBN: | 1475555709 9781475555707 147551056X 9781475510560 |
ISSN: | 1018-5941 ; |