Will Central Clearing Change the Market Structure of U.S. Treasury Repo to Become More Standardized? (FRBC)
This paper examines whether the SEC’s mandate for central clearing of U.S. Treasury repo transactions could enable…
This paper examines whether the SEC’s mandate for central clearing of U.S. Treasury repo transactions could enable…
In U.S. public equity markets, two trading firms-Citadel Securities and Virtu Financial-help execute around 70% of…
The authors examine the evolution of U.S. Treasury market liquidity over the past year, which has witnessed myriad…
Using data on four USD-pegged stablecoins and 27 fiat currencies, this paper documents spillovers from stablecoin-…