Developments in Repo Markets During the Financial Turmoil

By Peter Hördahl, Michael R. King. 2008

188 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9283a4433daa814591972c047d9c1177cc24909d

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Citations in the corpus

Banking on Bonds: The New Links Between States and Markets (2016, unknown): “First, it tripled in volume between 2001 and 2008 to €6 trillion, reaching the size of the US repo market (Hördahl and King, 2008; Constâncio, 2012).”
A post Keynesian framework of exchange rate determination: a Minskyan approach (2015, background): “dollar dominates the world’s repo markets, which have become a major source of short-term (bank) funding (Gabor, 2012; Gorton and Metrick, 2012; Hördahl and King, 2008).”
The Macroeconomics of Central Bank Issued Digital Currencies (2016, background): “Nevertheless, available estimates for the relevant period range between US$ 10 trillion (gross) according to Hördahl and King (2008) and US$ 12 trillion according to Gorton (2010).”
Unconventional Monetary Policies: An Appraisal (2009, unknown): “In addition, many central banks introduced or eased conditions for lending out highly liquid securities – typically sovereign bonds – against less liquid market securities in order to improve funding conditions in the money market (Hördahl and King (2008)).”
Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis (2011, background): “The repo market is a large and opaque over-the-counter market which exceeded $10 trillion in the US by mid-2008 (Hördahl and King (2008)).”
The US Dollar Shortage in Global Banking (2009, background): “The 16 Banks may also have held on to their US Treasury securities, a safe haven and a source of (repo) funding during the crisis (Hördahl and King (2008)).”
Monetary policy and risk taking (2015, background): “Considering repos alone, a large subset of the total, estimates by Hördal and King [27] suggest that their volume at the beginning of 2008 amounted to over 10 trillion dollars, of which over 3 trillion directly in the balance sheet of the banks.”
The Chicago Plan Revisited (2012, background): “Nevertheless, available estimates for the most recent period range between U.S.$ 10 trillion (gross) according to Hördahl and King (2008) and U.S.$ 12 trillion according to Gorton (2010).”
Arbitrage Crashes and the Speed of Capital (2012, unknown): “The prior work of Merton (1987) also explores how idiosyncratic risk affects expected returns to arbitrage.”
The international financial crisis: timeline, impact and policy responses in Asia and the Pacific (2010, background): “For a discussion of repo markets during the crisis, see Hördahl and King (2008).”
The impact of securitization on the expansion of subprime credit (2013, unknown): “Hordahl and King (2008) suggest that ‘‘(former) top US investment banks funded roughly half of their assets using repo markets.’’”