A new paper of mine, The possible impact of OTC derivatives central
clearing on counterparty credit risk is available here. As usual, any comments would be much appreciated.
Clearing and Collateral, Publications
[…] system. As the Streetwise Professor wisely said recently (a propos clearing, and kindly referencing an earlier paper of mine): For decades the Corps [of Engineers] has intended to impose order on a complex system of rivers. […]
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