Central counterparties for over-the-counter derivatives

Stephen Cecchetti, Jacob Gyntelberg and Marc Hollanders

BIS Quarterly Review, 2009

Abstract: Wider use of central counterparties (CCPs) for over-the-counter derivatives has the potential to improve market resilience by lowering counterparty risk and increasing transparency. However, CCPs alone are not sufficient to ensure the resilience and efficiency of derivatives markets.

JEL-codes: G01 G15 G18 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (36)

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