How does cross-border collateral affect a country's central bank and prudential supervisor?
Although - partly as a result of the financial crisis - central banks are increasingly inclined to accept foreign collateral, it is hard to find analyses dealing explicitly with the consequences of such collateral for a country's central bank and supervisor. The scientific literature on this issue is thin on the ground, Manning and Willison (2006) being an exception . Policy forums, too, have paid little attention to this subject. The BIS Cross-border collateral arrangements report (BIS, 2006), which focuses on the operational arrangements to facilitate the cross-border use of collateral, is the only one to deal explicitly though scantily with the relationship between foreign collateral and central bank tasks. The IMF (IMF, 2008) provides a sound general overview of central banks' collateral frameworks, but does not look into the relationship between foreign collateral and the task of a central bank cum supervisor.
|Date of creation:||Jul 2009|
|Contact details of provider:|| Postal: Postbus 98, 1000 AB Amsterdam|
Web page: http://www.dnb.nl/en/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:dnb:dnbocs:701. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rob Vet)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.