Jonathan Chiu - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:58:05+00:00Central Bank Haircut Policy
https://www.bankofcanada.ca/2010/10/working-paper-2010-23/
We present a model of central bank collateralized lending to study the optimal choice of the haircut policy. We show that a lending facility provides a bundle of two types of insurance: insurance against liquidity risk as well as insurance against downside risk of the collateral.2010-10-13T08:14:48+00:00enCentral Bank Haircut Policy2010-10-13Central bank researchFinancial servicesFinancial system regulation and policiesMonetary policy implementationPayment clearing and settlement systemsWorking Paper 2010-23https://www.bankofcanada.ca/wp-content/uploads/2010/10/wp10-23.pdfCentral Bank Haircut PolicyJames ChapmanJonathan ChiuMiguel MolicoOctober 2010EE4E40E5E50