Research and publications
Banking on Liquidity: Liquidity, Collateral and Derivatives
Changes in the nature and magnitude of banking activities over the past few decades are fundamental to comprehension of the failings that resulted in the financial crisis. The provision of financial risk management services and products by banks on the scale documented appears problematic. Derivatives contracts are the principal instruments used in financial risk management. The role and extent of liquidity and collateral security in facilitating these developments is investigated and policy recommendations advanced.
Author(s):
Con Keating, Barry Marshall
Summary:
Changes in the nature and magnitude of banking activities over the past few decades are fundamental to comprehension of the failings that resulted in the financial crisis. The provision of financial risk management services and products by banks on the scale documented appears problematic. Derivatives contracts are the principal instruments used in financial risk management. The role and extent of liquidity and collateral security in facilitating these developments is investigated and policy recommendations advanced.
Register to download PDF
Register/Log in| Type : | Working paper |
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| Date : | 06/09/2010 |
| Keywords : |
Capital Markets |
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Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
