European Repo Market as a Part of the International Financial Market

被引：0

作者：

Malacka, Viera ^{[1
]}

机构：

[1] Univ Econ Bratislava, Fac Natl Econ, Dept Banking & Int Finance, Bratislava 85235, Slovakia

来源：

PROCEEDINGS OF THE 7TH INTERNATIONAL CONFERENCE ON CURRENCY, BANKING AND INTERNATIONAL FINANCE - HOW DOES CENTRAL AND EASTERN EUROPE COPE UP WITH THE GLOBAL FINANCIAL CRISIS? | 2012年

关键词：

repo; collateral; maturity analysis; repo rate;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

An intense growth of the European repo market began in the 1990's due to the imposition of stricter conditions of minimum capital adequacy of commercial banks and due to the effort to minimize credit risk Another reason for the growth has also been an effort by the commercial banks to use their capital more effectively in the global market. Most central banks use repo as their principal tool in open market operations to control short-term interest rates. Periodic official operations of central banks are not apart of the analyzed repo market. The aim of the paper is to analyze the European repo market in the period before the financial crisis by the end of the 2011 and to compare it with repo operations of commercial banks in the interbank market of euro area. Various methods of analysis, synthesis and comparison have been used in the paper.

引用

页码：157 / 171

页数：15