An Introduction to Repo Markets
Title | An Introduction to Repo Markets PDF eBook |
Author | Moorad Choudhry |
Publisher | John Wiley & Sons |
Pages | 230 |
Release | 2011-01-31 |
Genre | Business & Economics |
ISBN | 1119995000 |
The Repo markets have grown dramatically in the past few years because of the need to hedge short positions in the capital and derivatives markets. Virtually all major currency markets in the world now have an established repo market, the facility is also increasingly being used in developing currency markets as well. This book is a practical introduction that focuses on the instruments, applications and risk management techniques essential for this rapidly evolving market. Fully updated to reflect the changes in these markets, the book also includes worked examples and case studies, and new sections on basket and structured finance repo.
Mastering Repo Markets
Title | Mastering Repo Markets PDF eBook |
Author | Bob Steiner |
Publisher | FT Press |
Pages | 0 |
Release | 1996 |
Genre | Capital market |
ISBN | 9780273625896 |
The most up-to-date practical primer in the professional markets.
The REPO Handbook
Title | The REPO Handbook PDF eBook |
Author | Moorad Choudhry |
Publisher | Butterworth-Heinemann |
Pages | 524 |
Release | 2002 |
Genre | Business & Economics |
ISBN | 9780750651622 |
The book features an introduction to the structure and mechanics of repo, institutional practices and real-world examples. In addition the content includes necessary supplementary material such as bank asset and liability management, trading techniques, and a range of other applications of value in the global money markets. Repo markets play a pivotal role in the world's economy. The Repo Handbook is the definitive, comprehensive guide to this most important element of the global debt capital markets. It describes the use, motivations and mechanics of the repo instrument, and features invaluab.
An Introduction to Options Trading
Title | An Introduction to Options Trading PDF eBook |
Author | Frans de Weert |
Publisher | John Wiley & Sons |
Pages | 154 |
Release | 2011-02-15 |
Genre | Business & Economics |
ISBN | 1119994985 |
Explaining the theory and practice of options from scratch, this book focuses on the practical side of options trading, and deals with hedging of options and how options traders earn money by doing so. Common terms in option theory are explained and readers are shown how they relate to profit. The book gives the necessary tools to deal with options in practice and it includes mathematical formulae to lift explanations from a superficial level. Throughout the book real-life examples will illustrate why investors use option structures to satisfy their needs.
Global Repo Markets
Title | Global Repo Markets PDF eBook |
Author | Moorad Choudhry |
Publisher | John Wiley & Sons |
Pages | 444 |
Release | 2011-12-07 |
Genre | Business & Economics |
ISBN | 1118178963 |
Repo, from sale and repurchase agreement, is one for the oldest and widely used instruments in global capital markets. It is a vital ingredient in the smooth and efficient running of the financial markets, and is used by all market participants including central banks, commercial banks, fund managers and corporates. This book is a comprehensive, detailed and authoritative description of the repo instrument. Written by a former repo trader, it covers applications and analysis of the various different instruments used in the repo markets. It also places the repo markets in the overall context of the money markets and banking asset-liability management.
An Introduction to Repo Markets, Third Edition
Title | An Introduction to Repo Markets, Third Edition PDF eBook |
Author | Moorad Choudhry |
Publisher | |
Pages | 224 |
Release | 2006 |
Genre | Business enterprises |
ISBN |
The Repo markets have grown dramatically in the past few years because of the need to hedge short positions in the capital and derivatives markets. Virtually all major currency markets in the world now have an established repo market, the facility is also increasingly being used in developing currency markets as well. This book is a practical introduction that focuses on the instruments, applications and risk management techniques essential for this rapidly evolving market. Fully updated to reflect the changes in these markets, the book also includes worked examples and case studies, and new sections on basket and structured finance repo.
The Scarcity Effect of Quantitative Easing on Repo Rates: Evidence from the Euro Area
Title | The Scarcity Effect of Quantitative Easing on Repo Rates: Evidence from the Euro Area PDF eBook |
Author | William Arrata |
Publisher | International Monetary Fund |
Pages | 45 |
Release | 2018-12-07 |
Genre | Business & Economics |
ISBN | 1484386914 |
Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at which the central bank remunerates banks’ excess reserves. This unexpected development coincided with the start of the Public Sector Purchase Program (PSPP). In this paper, we explore empirically the interactions between the PSPP and repo rates. We document different channels through which asset purchases may affect them. Using proprietary data from PSPP purchases and repo transactions for specific (“special") securities, we assess the scarcity channel of PSPP and its impact on repo rates. We estimate that purchasing 1 percent of a bond outstanding is associated with a decline of its repo rate of 0.78 bps. Using an instrumental variable, we find that the full effect may be up to six times higher.