Can Central Counterparties (CCPs) Use Improved Buffers to Reduce Cyclical Funding Demands on the Market?
In this blog post, we investigate changes in margin at CCPs during the market stress of 2020:Q1 to show how reactive CCP funding demands were to the increase in market volatility. “Save for a rainy…
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Financial Intermediaries and the Changing Risk Sensitivity of Global Liquidity Flows
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Calming the Panic: Investor Risk Perceptions and the Fed’s Emergency Lending During the 2023 Bank Run
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Financial Intermediaries and Pressures on International Capital Flows
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Reading the Panic: How Investors Perceived Bank Risk During the 2023 Bank Run
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The Rise in Deposit Flightiness and Its Implications for Financial Stability
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Stress and Strain from NBFIs to Banks
Do the recent stresses in the NBFI space—notably the bankruptcies of Tricolor and First Brands, and the decision of Blue Owl Capital Corp II

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