"Puts" in the Shadow

by Manmohan Singh

Series: IMF Working Papers

Subject categories
ISBNs
  • 1475593090
  • 9781475510560
  • 9781475593099
  • 9781475555707
In the aftermath of the Lehman crisis, payouts (i.e., taxpayer bailouts) in various forms were provided by governments to a variety of financial institutions and markets that were outside the regulatory perimeter - the "shadow" banking system. Although recent regulatory proposals attempt to reduce these "puts", we provide examples from non-banking activities within a bank, money market funds, Triparty repo, OTC derivatives market, collateral with central banks, and issuance of floating rate notes etc., that these risks remain. We suggest that a regulatory environment where puts are not ambiguous will likely lower the cost of bail-outs after a crisis.
  • International Monetary Fund; September 2012
  • ISBN: 9781475555707
  • Read online, or download in secure PDF or secure ePub format
  • Title: "Puts" in the Shadow
  • Series: IMF Working Papers
  • Author: Manmohan Singh
  • Imprint: INTERNATIONAL MONETARY FUND
Subject categories
ISBNs
  • 1475593090
  • 9781475510560
  • 9781475593099
  • 9781475555707