Publication

To Fully Net or Not to Net: Adverse Effects of Partial Multilateral Netting

Damir Filipovic
2016
Journal Articles

Abstract

We show that partial versus full multilateral netting of interbank liabilities increases bank shortfall and reduces clearing asset price and aggregate bank surplus. We also show that partial multilateral netting can be worse than no netting at all.

Official source

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To Fully Net or Not to Net: Adverse Effects of Partial Multilateral Netting

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