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Collateral and Monetary Policy
By:Mr. Manmohan Singh
Published on 2013-08-28 by International Monetary Fund

Financial lubrication in markets is indifferent to margin posting via money or collateral; the relative price(s) of money and collateral matter. Some central banks are now a major player in the collateral markets. Analogous to a coiled spring, the larger the quantitative easing (QE) efforts, the longer the central banks will impact the collateral market and associated repo rate. This may have monetary policy and financial stability implications since the repo rates map the financial landscape that straddles the bank/nonbank nexus.

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Book which was published by International Monetary Fund since 2013-08-28 have ISBNs, ISBN 13 Code is 9781484304075 and ISBN 10 Code is 1484304071

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