To Fully Net or Not to Net: Adverse Effects of Partial Multilateral Netting
Periodicals(2016)
摘要
AbstractWe show that partial versus full multilateral netting of interbank liabilities increases bank shortfall and reduces clearing asset price and aggregate bank surplus. We also show that partial multilateral netting can be worse than no netting at all.
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关键词
over the counter markets,financial network,multilateral netting,central counterparty
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