Do Central Clearing Parties Reduce Risk on Repo Markets ?

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Table of contents

Chapter 1. Do Central Clearing Parties Reduce Risk on Repo Markets ?
1. Introduction
2. Historical Background
2.1 Market Microstructure
2.2 The Reform
3. Accounting for the dispersion of repo rates
4. Data
5. Empirical Strategy
6. Findings
7. A side effect of the reform
8. Conclusion
Primary sources
Archives
Newspapers and press
References
Figures and tables
Appendix
Chapter 2. How does the bank lending channel work? Monetary policy transmission in France, 1890-1913
Abstract
1. Introduction
2. Literature
3. The actors and instruments of the money market: 1890-1913
The Actors
The Instruments
4. Data
5. Monetary policy transmission: econometric analysis
Discount vs. Advances
6. Conclusions
Archives
Banque de France Archives (BFA)
Crédit Lyonnais Archives (CLA)
French National Archives
Archives de la Compagnie des Agents de change près de la Bourse de Paris (CAC), at the Centre des Archives Economiques et Financières
References
Figures
Chapter 3. Rationing Credit during a War
The Political Economy of a Missed LOLR Intervention
Abstract
1. Introduction
2. Literature
3. The Great Financial Crisis of 1914
3.1 The Panic
3.2 The Stock Exchange
3.3 The first loan: unblocking capitals
3.4 The second loan and the settlement – September 1915
4. Empirical tests
5. Conclusion
References
Archives
Newspapers and financial press
Figures and Tables
Conclusion