This paper empirically analyses whether post-global financial crisis regulatory reforms have
created appropriate incentives to voluntarily centrally clear over-the-counter (OTC) …

This study examines market participants' preference for netting when settling derivatives
contracts by using social welfare, defined as the sum of all participants' utilities. Equilibrium …

In recent years, there has been a rapid shift away from traditional variable-rate mortgages
toward fixed-rate mortgages in Irish and other European mortgage markets. While many of …

We present the findings of a detailed descriptive analysis of client clearing activity for
derivatives in the euro area, as well as that of clearing members more broadly. To the best of …

This paper documents the use of derivatives by securitisation special purpose entities
(SPEs), also known as financial vehicle corporations (FVCs), domiciled in Ireland using …

This paper is a first attempt at empirically analyzing whether post-crisis regulatory reforms
have created appropriate incentives to voluntarily centrally clear Over-The-Counter (OTC) …

The market infrastructure reform carried out in the aftermath of the 2008 financial crisis
mandates the central clearing of standardized over-the-counter derivatives. We investigate …

In this study, we propose a microeconomics model to verify effects of the non-cash
collateralization on the liquidity of the over-the-counter (OTC) derivatives markets accepting …

We show that exchange-traded funds (ETFs) establish strong information links with the
underlying equities but weak ones with the underlying corporate debt securities. This has …