TY - BOOK ID - 78437570 TI - Collateral Reuse and Balance Sheet Space PY - 2017 SN - 1475599390 9781475599398 147559934X 9781475599343 1475599358 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Capital market. KW - Capital markets KW - Market, Capital KW - Finance KW - Financial institutions KW - Loans KW - Money market KW - Securities KW - Crowding out (Economics) KW - Efficient market theory KW - Capital market KW - E-books KW - Accounting KW - Banks and Banking KW - Investments: General KW - Industries: Financial Services KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Financial Institutions and Services: Government Policy and Regulation KW - International Monetary Arrangements and Institutions KW - Corporation and Securities Law KW - Public Administration KW - Public Sector Accounting and Audits KW - General Financial Markets: General (includes Measurement and Data) KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Central Banks and Their Policies KW - Financial reporting, financial statements KW - Banking KW - Investment & securities KW - Collateral KW - Financial statements KW - Hedge funds KW - Public financial management (PFM) KW - Central bank balance sheet KW - Central banks KW - Finance, Public KW - Banks and banking KW - Financial instruments KW - Financial services industry KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:78437570 AB - Transactions on wholesale capital markets are often secured by marketable collateral. However, collateral needs balance sheet space to move within the financial system. Certain new regulations that constrain private sector bank balance sheets may have the effect of impeding collateral flows. This may have important consequences for monetary policy transmission, for short term money market functioning, and for market liquidity. In this context (and in contrast to the literature, which has focused mainly on the repo market), this paper analyzes securities-lending, derivatives, and prime-brokerage markets as suppliers of collateral. It highlights the incentives created by new regulations for different suppliers of collateral. Moreover, it argues that the central banks should be mindful of the effect of their actions on the ability of markets to intermediate collateral. ER -