Central Counterparties for Over-the-Counter Derivatives
Stephen G. Cecchetti
Bank for International Settlements (BIS) - Monetary and Economic Department; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)
Bank for International Settlements (BIS) - Monetary and Economic Department
Bank for International Settlements (BIS)
BIS Quarterly Review, September 2009
Wider use of central counterparties (CCPs) for over-the-counter derivatives has the potential to improve market resilience by lowering counterparty risk and increasing transparency. However, CCPs alone are not sufficient to ensure the resilience and efficiency of derivatives markets.
Number of Pages in PDF File: 14
JEL Classification: G01, G15, G18Accepted Paper Series
Date posted: September 14, 2009
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