Global Financial Stability Report : Shadow Banking Around the Globe: How Large, and How Risky? IMF (2014-10-07)
Chapter 2 examines the growth of shadow banking around the globe, assessing risks and discussing regulatory responses. Although shadow banking takes vastly different forms within and across countries, some of its key drivers tend .. more |
Dynamic Debt Deleveraging and Optimal Monetary Policy NBER (2014-10-07)
This paper studies optimal monetary policy under dynamic debt deleveraging once the zero bound is binding. Unlike the existing literature, the natural rate of interest is endogenous and depends on macroeconomic policy. Optimal mon .. more |
Regulatory reform of over-the-counter derivatives: an assessment of incentives to clear centrally BIS (2014-10-06)
In 2009, the G20 Leaders agreed that standardised over-the-counter (OTC) derivatives contracts should be cleared through central counterparties (CCPs). Since that time, global standard-setting bodies have advanced a number of regu .. more | |