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  • All HBS Web  (3)
    • News  (1)
    • Research  (1)
  • Faculty Publications  (1)

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  • All HBS Web  (3)
    • News  (1)
    • Research  (1)
  • Faculty Publications  (1)
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  • 2015
  • Working Paper

Collateral Shortages and Intermediation Networks

By: Marco Di Maggio and Alireza Tahbaz-Salehi
This paper argues that in the presence of trading frictions and agency problems, the interbank market may be overly fragile, in the sense that small changes in the liquidity of assets used as collateral may lead to large swings in haircuts and a potential credit... View Details
Keywords: Financial Intermediation; Financial Networks; Secured Lending; Collateral; Repo Runs; ABCP Collapse; Networks; Negotiation; Financing and Loans; Financial Crisis
Citation
Related
Di Maggio, Marco, and Alireza Tahbaz-Salehi. "Collateral Shortages and Intermediation Networks." Working Paper, November 2015. (Revise and Resubmit to The Review of Financial Studies.)
  • Web

HBS Cases | Baker Library | Bloomberg Center | Harvard Business School

the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street.” HBS No. 718-022. Boston: Harvard Business School Publishing, 2017. Foley, C. Fritz, and Linnea Meyer. “Nomura's Global Growth: Picking Up Pieces of Lehman.”... View Details
  • 01 Dec 2009
  • News

One Man Crime Wave

and then as a repo man for a bank. He was soon fired from both jobs. He was outspoken and liked to be left alone: the right temperament for a writer, but not for a business career. One year after graduating from the world’s most... View Details
Keywords: Garry Emmons; fiction writing; Arts, Entertainment; Publishing Industries (except Internet); Information
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