Patients with chronic non-specific low back pain (LBP) walk with more synchronous (in-
phase) horizontal pelvis and thorax rotations than controls. Low thorax–pelvis relative phase …

Central counterparties (CCPs) have become pillars of the new global financial architecture
following the financial crisis of 2008. The key role of CCPs in mitigating counterparty risk and …

Financial stability depends on the effective regulation of central counterparties (CCPs),
which must take account of the incentives that drive CCP behavior. This paper studies the …

The clearing of over-the-counter transactions through central counterparties (CCPs), one of
the pillars of financial reform following the crisis of 2007-2008, has promoted CCPs as key …

Abstract The United Kingdom's financial system is large and has grown rapidly in recent
decades. Understanding its structure is an important starting point for a wide range of policy …

We propose a general framework for estimating the likelihood of default by central
counterparties (CCP) in derivatives markets. Unlike conventional stress testing approaches …

We propose a model for the credit and liquidity risks faced by clearing members of Central
Counterparty Clearing houses (CCPs). This model aims to capture the features of: gap risk; …

Central counterparties are pieces of market infrastructure which sit between market
participants, guaranteeing their performance to each other on certain transactions (Murphy …

In the last years, increasing efforts have been put into the development of effective stress
tests to quantify the resilience of financial institutions. Here we propose a stress test …

We develop a tractable model to resemble asset value processes of financial institutions
trading with the central clearinghouse for risk mitigating purposes. Each institution allocates …