04446oam 22010574 450 991078834250332120230721045626.01-4623-4872-61-4518-7116-397866128420921-4527-3091-11-282-84209-9(CKB)3170000000055149(SSID)ssj0000944003(PQKBManifestationID)11944102(PQKBTitleCode)TC0000944003(PQKBWorkID)10982586(PQKB)10619649(OCoLC)762656384(MiAaPQ)EBC1586708(IMF)WPIEE2008258(EXLCZ)99317000000005514920020129d2008 uf 0engurcnu||||||||txtccrCounterparty Risk in the Over-The-Counter Derivatives Market /Manmohan Singh, Miguel SegovianoWashington, D.C. :International Monetary Fund,2008.1 online resource (21 pages) illustrations (some color), tablesIMF Working PapersIMF working paper ;WP/08/258Bibliographic Level Mode of Issuance: Monograph1-4519-1569-1 Includes bibliographical references.The financial market turmoil of recent months has highlighted the importance of counterparty risk. Here, we discuss counterparty risk that may stem from the OTC derivatives markets and attempt to assess the scope of potential cascade effects. This risk is measured by losses to the financial system that may result via the OTC derivative contracts from the default of one or more banks or primary broker-dealers. We then stress the importance of "netting" within the OTC derivative contracts. Our methodology shows that, even using data from before the worsening of the crisis in late Summer 2008, the potential cascade effects could be very substantial. We summarize our results in the context of the stability of the banking system and provide some policy measures that could be usefully considered by the regulators in their discussions of current issues.IMF Working Papers; Working Paper ;No. 2008/258Derivative securitiesEconometric modelsOver-the-counter marketsEconometric modelsRiskEconometric modelsBanks and BankingimfFinance: GeneralimfMoney and Monetary PolicyimfGeneral Financial Markets: General (includes Measurement and Data)imfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinanceimfMonetary economicsimfBankingimfDerivative marketsimfOver-the-counter marketsimfCredit default swapimfCreditimfDerivative securitiesimfFinancial instrumentsimfBanks and bankingimfUnited StatesimfDerivative securitiesEconometric models.Over-the-counter marketsEconometric models.RiskEconometric models.Banks and BankingFinance: GeneralMoney and Monetary PolicyGeneral Financial Markets: General (includes Measurement and Data)Monetary Policy, Central Banking, and the Supply of Money and Credit: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinanceMonetary economicsBankingDerivative marketsOver-the-counter marketsCredit default swapCreditDerivative securitiesFinancial instrumentsBanks and banking332.645Singh Manmohan1464153Segoviano Miguel1464137DcWaIMFBOOK9910788342503321Counterparty Risk in the Over-The-Counter Derivatives Market3716476UNINA