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Staff Working Papers
Liquidity and Central Clearing: Evidence from the CDS Market
An international initiative to increase the use of central clearing for OTC derivatives emerged as one of the reactions to the 2008 financial crisis. The move to central clearing is a fundamental change in the structure of the market.Journal Publications
Other Publications
- “Liquidity and central clearing: evidence from the credit default swap market,”
(with Jonathan Witmer and Joshua Slive), 2013, Journal of Financial Market Infrastructures, Volume 112, Issue 1, Pages 91-115, April 2014.