Modern banking and OTC derivatives markets : the transformation of global finance and its implications for systemic risk / Garry J. Schinasi ... [et al.].
By: Schinasi, Garry J
.
Contributor(s): Craig, R. Sean | Drees, Burkhard | Kramer, Charles Frederick | International Monetary Fund.
Material type: 
BookSeries: Occasional paper (International Monetary Fund).Publisher: Washington, D.C. : International Monetary Fund, 2000Description: vii, 72 p. ; 28 cm.ISBN: 1557759995.Subject(s): Derivative securities | Over-the-counter markets | International finance | RiskDDC classification: 332.632 | Item type | Current library | Call number | Copy number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|
| General Lending | MTU Bishopstown Library Lending | 332.632 (Browse shelf(Opens below)) | 1 | Available | 00084026 |
Enhanced descriptions from Syndetics:
This chapter provides an overview of market practices, market structure, and official supervision and regulation in financial markets. This paper also highlights the key features of modern banking and over the counter (OTC) derivatives markets that seem to be relevant for assessing their functioning, their implications for systemic financial risks in the international financial system, and areas where improvements in ensuring financial stability can be obtained. The paper also describes how OTC derivatives activities have transformed modern financial intermediation and discusses how internationally active financial institutions have become exposed to additional sources of instability because of their large and dynamic exposures to the counterparty (credit) risks embodied in their OTC derivatives activities. In order to rebalance private and official roles, it is essential first to clarify the limits to market discipline in OTC derivatives markets, before leaning more heavily on aspects of market discipline that seem to work well in these markets.
Includes bibliographical references (pages 68-69).
Overview -- Modern banking and OTC derivatives markets -- OTC derivatives markets: size, structure and business practices -- Regulatory environment for OTC derivatives activities -- Key features of OTC derivatives activities -- Financial stability issues in modern banking: sources of financial instability and structural weakness in OTC derivatives activities -- Strengthening the stability of modern banking and OTC derivatives markets -- Conclusions.