Does a central clearing counterparty reduce liquidity needs?
Does a central clearing counterparty reduce liquidity needs?
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Publisher
Berlin/Heidelberg: Springer Berlin Heidelberg
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Language
English
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Publisher
Berlin/Heidelberg: Springer Berlin Heidelberg
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Scope and Contents
Contents
This study investigates whether and how central clearing influences the overall liquidity needs in a network of financial obligations. Utilizing the approach of flow network theory, we show that the effect of adding a central clearing counterparty (CCP) is decomposed into two effects: central routing, and central netting effects. Each effect can pr...
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Full title
Does a central clearing counterparty reduce liquidity needs?
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Record Identifier
TN_cdi_proquest_journals_1964910939
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1964910939
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ISSN
1860-711X
E-ISSN
1860-7128
DOI
10.1007/s11403-017-0208-1