Clearing, counterparty risk and aggregate risk
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- Bruno Biais & Florian Heider & Marie Hoerova, 2012. "Clearing, Counterparty Risk, and Aggregate Risk," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 60(2), pages 193-222, July.
- Bruno Biais & Florian Heider & Marie Hoerova, 2012. "Clearing, counterparty risk and aggregate risk," Post-Print halshs-00738566, HAL.
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More about this item
Keywords
aggregate and idiosyncratic risk; central clearing counterparty; counterparty risk; moral hazard; mutualization; optimal contracting; risk-sharing;All these keywords.
JEL classification:
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CTA-2012-11-11 (Contract Theory and Applications)
- NEP-RMG-2012-11-11 (Risk Management)
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