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Book Cover
Author Singh, Manmohan, 1964-

Title "Puts" in the shadow / prepared by Manmohan Singh
Published Washington, D.C. : International Monetary Fund, 2012
Online access available from:
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Description 1 online resource (21 pages) : charts
Series IMF working paper ; WP/12/229
IMF working paper ; WP/12/229
Summary In the aftermath of the Lehman crisis, payouts (i.e., taxpayer bailouts) in various forms were provided by governments to a variety of financial institutions and markets that were outside the regulatory perimeter - the - "shadow" banking system. Although recent regulatory proposals attempt to reduce these - "puts", we provide examples from non-banking activities within a bank, money market funds, Triparty repo, OTC derivatives market, collateral with central banks, and issuance of floating rate notes etc., that these risks remain. We suggest that a regulatory environment where puts are not ambiguous will likely lower the cost of bail-outs after a crisis
Notes "September 2012."
Bibliography Includes bibliographical references (page 21)
Subject Asset-backed financing -- Econometric models.
Deposit insurance -- Econometric models.
Derivative securities -- Econometric models.
Moral hazard -- Econometric models.
Form Electronic book
Author International Monetary Fund.
ISBN 1475555709 (electronic bk.)
9781475555707 (electronic bk.)