Repo markets are an important first stage of monetary policy transmission. In the European
repo market, the majority of participants, including non-dealer banks and non-banks, do not …

I model and structurally estimate the equilibrium rates and volume in the Triparty repo
market to study imperfect competition in wholesale funding. Even in this systemically …

We examine how the repo market operates during liquidity stress by applying network
analysis to novel transaction-level data of the overnight gilt repo market including the COVID …

We show substantial variation in mutual funds' use of Treasury futures, both over time and
across funds. This variation from mutual funds drives much of the time series variation in …

Using the historical experience from past monetary tightening cycles and the market-
expected path of the federal funds rate for the current tightening cycle, we project that the …

Between January 2021 and June 2022, money market funds'(MMFs') investments in the
Federal Reserve's Overnight Reverse Repurchase (ON RRP) facility rose by $2 trillion, while …

A key function of financial intermediaries is to borrow in financial markets and lend to firms. I
show this creates informational linkages between repo and corporate bond markets. My key …

Objectives. The article aims to determine the characteristics of the debt repo mechanism of
the Ministry of Finance of the Russian Federation. Methods. For the study, I used analysis …

We examine how market structure, market power, and systemic risk respond to close and
intense lending relationships between financial conglomerates (FCs) in non-centrally …