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Why Is a CCP failure very unlikely?

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  • McLaughlin, Dennis
  • Berndsen, Ron

    (Tilburg University, Center For Economic Research)

Abstract

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Suggested Citation

  • McLaughlin, Dennis & Berndsen, Ron, 2021. "Why Is a CCP failure very unlikely?," Discussion Paper 2021-002, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:39f37d9b-7b60-4d46-9608-dc8fc24410ae
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    File URL: https://pure.uvt.nl/ws/portalfiles/portal/46839740/2021_002.pdf
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    References listed on IDEAS

    as
    1. Berndsen, Ron, 2020. "Five Fundamental Questions on Central Counterparties," Discussion Paper 2020-028, Tilburg University, Center for Economic Research.
    2. Vincent Bignon & Guillaume Vuillemey, 2020. "The Failure of a Clearinghouse: Empirical Evidence [Counterparty risk externality: centralized versus over-the-counter markets]," Review of Finance, European Finance Association, vol. 24(1), pages 99-128.
    3. Marco Moscadelli, 2004. "The modelling of operational risk: experience with the analysis of the data collected by the Basel Committee," Temi di discussione (Economic working papers) 517, Bank of Italy, Economic Research and International Relations Area.
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    Cited by:

    1. Bardoscia, Marco & Ferrara, Gerardo & Vause, Nicholas & Yoganayagam, Michael, 2021. "Simulating liquidity stress in the derivatives market," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    2. Bardoscia, Marco & Caccioli, Fabio & Gao, Haotian, 2022. "Efficiency of central clearing under liquidity stress," Bank of England working papers 1002, Bank of England.
    3. Melinda Friesz & Kira Muratov-Szabó & Andrea Prepuk & Kata Váradi, 2021. "Risk Mutualization in Central Clearing: An Answer to the Cross-Guarantee Phenomenon from the Financial Stability Viewpoint," Risks, MDPI, vol. 9(8), pages 1-19, August.

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    More about this item

    Keywords

    CCP; G20 central clearing mandate; financial stability; CCP waterfall; non default losses;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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