Financial Intermediation and Market Dynamics

NOTE: The papers listed here are reproduced as submitted by their respective authors, and do not necessarily reflect the opinions or policies of the Bank of Canada. Papers submitted by persons not in the employ of the Bank of Canada may be subject to the copyright policies of the submitters' organizations and/or countries, and therefore should not be reproduced in whole or in part without the permission of the author(s). Papers are presented in the language of the authors only.

Collateral Requirements and Asset Prices

Johannes Brumm, Michael Grill, Felix Kubler and Karl Schmedders

Central Counterparty Clearin: Incentives, Market Discipline and the Cost of Collateral

Thorsten Koeppl

Optimum Structure of a Central Counterparty

Jean-Sébastien Fontaine, Héctor Pérez Saiz and Joshua Slive

Sizing Up Repo

Arvind Krishnamurthy, Stefan Nagel and Dmitry Orlov

Repo runs: Evidence from the tri-party repo market

Adam Copeland, Antoine Martin and Michael Walker

Co-Margin: A System to Enhance Financial Stability

Jeffrey Harris, Christophe Hurlin, Jorge Cruz Lopez and Christophe Pérignon

Collateral Requirements for Comprehensive Central Clearing of Over-the-Counter Derivatives

Daniel Heller and Nicholas Vause