Analysis And Evaluation Of The Eurex Repo Market Model

Author : Monika Gruber
Publisher : diplom.de
Page : 115 pages
File Size : 42,9 Mb
Release : 2005-01-19
Category : Business & Economics
ISBN : 9783832440497

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Analysis and Evaluation of the Eurex Repo Market Model by Monika Gruber Pdf

Inhaltsangabe:Abstract: The first cross-border merger of exchanges in Europe, in 1999, happened even across the borders of the EU when the national derivatives markets of Germany and Switzerland created Eurex. In 2000, Euronext, the second big merger project, became reality. The Exchanges of Amsterdam, Paris and Brussels created a new joint platform with corporate structure. Norex, Virt-X, Newex are further merger projects. During the last decade, not only the institutional framework of exchanges has changed, but also the popularity of different products that are traded on the new platforms. Currently the derivatives market, in particular the trading with repurchase agreements, experiences major growth in Europe as well as in the U.S. The Eurex Repo platform observes a steady increase of outstanding volume, due to the fact that Eurex Repo is the only electronic market that offers repo transactions with the shortest possible term of just one night (overnight repo transaction). The goal of this paper is to analyse and to critically assess the Eurex Repo market model mentioned above, which is currently treated as the most efficient and successful trading platform for derivatives, with a specific focus on repurchase agreements. Chapter 2 aims to give answers to the following questions: What is a repurchase agreement? Which are the characteristics of repo markets in general? Which risks are associated with repos and how does the pricing of repos work? Which other instruments for liquidity management do exist for banks? The purpose of Chapter 3 is to give an overview of the derivatives market in general, past business methods, the intermediating role of banks and exchanges, and the dynamic development of the derivatives market. In addition, the Eurex market model will be described, as well as competing market players in Europe and the U.S. In Chapter 4, the main focus is put on the examination and evaluation of the Eurex Repo market model in order to investigate the key drivers in this model. Considering Eurex expansion to the U.S., where the originally European exchange is competing with the major North American exchange CBoT since February 2004, and the advance of Eurex main competitor Euronext, the future perspectives for the Eurex Repo market model will be explored. Inhaltsverzeichnis:Table of Contents: INDEX OF TABLESIII INDEX OF ILLUSTRATIONSIV ABBREVIATIONSV 1.INTRODUCTION1 2.THE NOTION OF REPURCHASE AGREEMENTS 3 2.1DEFINITION AND [...]

Author : United States. Congress. House. Committee on Agriculture
Publisher : Unknown
Page : 260 pages
File Size : 50,8 Mb
Release : 2009
Category : Business & Economics
ISBN : UOM:39015090375554

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Hearing to Review the Role of Credit Derivatives in the U.S. Economy by United States. Congress. House. Committee on Agriculture Pdf

Author : Group of Ten. Committee on Payment and Settlement Systems
Publisher : Unknown
Page : 80 pages
File Size : 41,9 Mb
Release : 2004
Category : Clearing of securities
ISBN : IND:30000116787171

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Recommendations for Central Counterparties by Group of Ten. Committee on Payment and Settlement Systems Pdf

Author : United States. Congress. House. Committee on Agriculture
Publisher : Unknown
Page : 300 pages
File Size : 46,6 Mb
Release : 2009
Category : Business & Economics
ISBN : UOM:39015090375570

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Hearing to Review Derivatives Legislation by United States. Congress. House. Committee on Agriculture Pdf

Author : Anonim
Publisher : Unknown
Page : 124 pages
File Size : 47,6 Mb
Release : 2009
Category : Banks and banking
ISBN : UVA:X030370186

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Financial Stability Review by Anonim Pdf

Author : Suresh Sundaresan
Publisher : Academic Press
Page : 456 pages
File Size : 44,9 Mb
Release : 2009-03-30
Category : Business & Economics
ISBN : 9780080919331

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Fixed Income Markets and Their Derivatives by Suresh Sundaresan Pdf

The third edition of this well-respected textbook continues the tradition of providing clear and concise explanations for fixed income securities, pricing, and markets. Fixed Income Markets and Their Derivatives matches well with fixed income securities courses. The book's organization emphasizes institutions in the first part, analytics in the second, selected segments of fixed income markets in the third, and fixed income derivatives in the fourth. This enables instructors to customize the material to suit their course structure and the mathematical ability of their students. New material on Credit Default Swaps, Collateralized Debt Obligations, and an intergrated discussion of the Credit Crisis have been added Online Resources for instructors on password protected website provides worked out examples for each chapter A detailed description of all key financial terms is provided in a glossary at the back of the book

Author : George A Papaconstantinou
Publisher : Bloomsbury Publishing
Page : 317 pages
File Size : 51,9 Mb
Release : 2024-01-25
Category : Law
ISBN : 9781509966776

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Financial Market Infrastructure and Economic Integration by George A Papaconstantinou Pdf

This book is the first comprehensive study of the interplay between the cutting-edge regulation of financial infrastructure and international economic integration. It tackles a series of important questions: How does the regulation of central counterparties interact with international economic law? Is the WTO able to deal with the regulatory diversity of each country's financial rulebook? Do FTAs foster deeper integration of financial infrastructure services? Can competition law effectively tackle monopolisation and anti-competitive conduct in financial infrastructure? The book discusses how the liberalisation of financial market infrastructure is achieved within the most prominent international economic integration settings: the WTO, Economic Integration Agreements, and EU competition law. It explores whether a more harmonious relationship between financial regulation and economic integration is feasible, and how it can be achieved. The book demonstrates the existence of both structural barriers to trade and trade-facilitating tools that can impede and foster the further integration of financial market infrastructure. Measuring the depth of liberalisation of financial market infrastructure services in more than 120 FTAs, as well as surveying recent case law of the WTO, the Court of Justice of the European Union, and the practice of the European Commission, the book shows how the economic integration of financial market infrastructure occurs. An essential read for those seeking to understand how the cutting-edge regulation of financial market infrastructure and transnational systems of economic integration interact with one another.

Author : Federal Reserve Bank of St. Louis
Publisher : Unknown
Page : 502 pages
File Size : 50,7 Mb
Release : 2011
Category : Business
ISBN : UCBK:C098752580

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Review by Federal Reserve Bank of St. Louis Pdf

Author : Sabri Boubaker,Duc Khuong Nguyen
Publisher : World Scientific
Page : 828 pages
File Size : 43,9 Mb
Release : 2019-06-27
Category : Business & Economics
ISBN : 9789813236660

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Handbook Of Global Financial Markets: Transformations, Dependence, And Risk Spillovers by Sabri Boubaker,Duc Khuong Nguyen Pdf

The objective of this handbook is to provide the readers with insights about current dynamics and future potential transformations of global financial markets. We intend to focus on four main areas: Dynamics of Financial Markets; Financial Uncertainty and Volatility; Market Linkages and Spillover Effects; and Extreme Events and Financial Transformations and address the following critical issues, but not limited to: market integration and its implications; crisis risk assessment and contagion effects; financial uncertainty and volatility; role of emerging financial markets in the global economy; role of complex dynamics of economic and financial systems; market linkages, asset valuation and risk management; exchange rate volatility and firm-level exposure; financial effects of economic, political and social risks; link between financial development and economic growth; country risks; and sovereign debt markets.

Author : William Arrata,Benoit Nguyen,Imene Rahmouni-Rousseau,Miklos Vari
Publisher : International Monetary Fund
Page : 45 pages
File Size : 49,9 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781484386910

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The Scarcity Effect of Quantitative Easing on Repo Rates: Evidence from the Euro Area by William Arrata,Benoit Nguyen,Imene Rahmouni-Rousseau,Miklos Vari Pdf

Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at which the central bank remunerates banks’ excess reserves. This unexpected development coincided with the start of the Public Sector Purchase Program (PSPP). In this paper, we explore empirically the interactions between the PSPP and repo rates. We document different channels through which asset purchases may affect them. Using proprietary data from PSPP purchases and repo transactions for specific (“special") securities, we assess the scarcity channel of PSPP and its impact on repo rates. We estimate that purchasing 1 percent of a bond outstanding is associated with a decline of its repo rate of 0.78 bps. Using an instrumental variable, we find that the full effect may be up to six times higher.

Author : Federal Reserve Bank of St. Louis
Publisher : Unknown
Page : 64 pages
File Size : 54,9 Mb
Release : 2011-11
Category : Middle West
ISBN : UOM:39015088917573

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Monthly Review - Federal Reserve Bank of St. Louis by Federal Reserve Bank of St. Louis Pdf

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 55 pages
File Size : 50,8 Mb
Release : 2011-07-12
Category : Business & Economics
ISBN : 9781455299744

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Germany by International Monetary Fund Pdf

This paper presents the report on observance of standards and codes (ROSC) for the financial sector prepared in connection with the financial sector assessment program (FSAP). The FSAP covers the Basel Core Principles for effective banking, the International Association of Insurance Supervisors (IAIS) principles for regulation, the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation, the Committee on Payment and Settlement Systems (CPSS), and IOSCO Recommendations for Central Counterparts. Germany’s essential solid institutional frameworks for macroeconomic policies are also overviewed.

Author : Mac Dennis
Publisher : GRIN Verlag
Page : 18 pages
File Size : 48,9 Mb
Release : 2019-07-01
Category : Business & Economics
ISBN : 9783668969940

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Market Evaluation and Recommendation by Mac Dennis Pdf

Seminar paper from the year 2019 in the subject Business economics - Offline Marketing and Online Marketing, , language: English, abstract: Ideally, the aim of this report intends to identify the significance of AllerAir 5000 Executive Air Filter in India. Surprisingly, India stands as one of the best business and investment destinations. Nevertheless, business rivalry besides the copyright system are the main challenges in the Indian market. The key impediment faced in this report is allied to limitations of pertinent data from the diverse sources. But then again, according to my indivindual research, it is comprehended that the Indian community deserve cutting-edge air filter system due to the growing air pollution in the living environment and the consumer levels of air filters in India which rapidly increases every year. From report, my evaluation of the environmental factors in India for recommendations is based on a further need for research about the all environmental factors in India for appropriate findings and inferences. Empirically, much of the air pollutants in India emanates from industrial and vehicle emissions. My recommendation was driven towards air filter masks that will assist the Indian people from inhaling polluted air.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 118 pages
File Size : 49,8 Mb
Release : 2016-06-29
Category : Business & Economics
ISBN : 9781475577730

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Germany by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper evaluates the risks and vulnerabilities of the German financial system and reviews both the German regulatory and supervisory framework and implementation of the common European framework insofar as it is relevant for Germany. The country is home to two global systemically important financial institutions, Deutsche Bank AG and Allianz SE. The system is also very heterogeneous, with a range of business models and a large number of smaller banks and insurers. The regulatory landscape has changed profoundly with strengthened solvency and liquidity regulations for banks (the EU Capital Requirements Regulation and Directive IV), and the introduction of macroprudential tools.

Author : Henri B. Meier,John E. Marthinsen,Pascal A. Gantenbein
Publisher : John Wiley & Sons
Page : 352 pages
File Size : 54,6 Mb
Release : 2012-10-01
Category : Business & Economics
ISBN : 9781118238530

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Swiss Finance by Henri B. Meier,John E. Marthinsen,Pascal A. Gantenbein Pdf

A timely guide to the complex financial markets and banking secrecy of Switzerland Since 1934, when Switzerland's federal bank secrecy law was passed, the line between myth and reality with regard to Swiss banking has been blurred. But over the past decade, there have been dramatic changes in the pressures brought to bear on all facets of the Swiss financial markets and banking sector. Recent developments and agreements have potentially weakened Swiss banking secrecy, and with that said, it is time for a book that lays out the history of Swiss bank secrecy and puts these twenty-first century changes in perspective. Swiss Finance is a thorough overview of the Swiss financial markets and the banking secrecy this country has become known for. It covers key topics to practitioners both abroad and in the United States involved in Swiss banking and the Swiss financial markets. Discusses what the Euro-debt crisis may mean for the role of Switzerland as a financial powerhouse Reveals how new secrecy agreements with the United States and Germany will impact private wealth management Addresses Asian competition for wealth management and tax havens Switzerland is one of the largest financial markets in the world and a global power in private wealth administration. Whether you're a private wealth advisor, Swiss or U.S. banker, or other finance practitioner involved in the Swiss market, this guide is essential reading if you intend on achieving future success in this arena.