TEACHING FINANCIAL MARKETS STUDENTS ABOUT REPURCHASE AGREEMENTS: THREE EASY LESSONS

Lynda S. Livingston

Business Education and Accreditation, 2020, vol. 12, issue 1, 27-50

Abstract: Repurchase agreements are critical financing tools that lubricate the financial system. They have been complicit in financial crises, yet they may hold the key to post-recession normalization. Despite their importance in practice, they are all but ignored in the traditional undergraduate finance curriculum. In this paper, we present a short repo module for financial markets courses. Its three lessons cover both basic and fairly complex quantitative applications, as well as providing an overview of three market disruptions in which repos played a starring role

Keywords: Repurchase Agreements; Repos; Financial Crisis; Normalization (search for similar items in EconPapers)
JEL-codes: G1 G2 G23 (search for similar items in EconPapers)
Date: 2020
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