It takes the average reader 1 hour and 8 minutes to read Central Bank Collateral Frameworks: Principles and Policies by Simon Gray
Assuming a reading speed of 250 words per minute. Learn more
Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collateral frameworks. It then considers the risks of adverse selection. The paper concludes that (i) the collateral framework needs to include market incentives; (ii) central banks face trade-offs between risk and counterparty access; (iii) emerging markets may see pressure on collateral policies in coming years; and (iv) further work is required to develop pricing incentives and the structure of central bank facilities, both during normal times and in periods of market stress.
Central Bank Collateral Frameworks: Principles and Policies by Simon Gray is 67 pages long, and a total of 17,219 words.
This makes it 23% the length of the average book. It also has 21% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 34 minutes to read Central Bank Collateral Frameworks: Principles and Policies aloud.
Central Bank Collateral Frameworks: Principles and Policies is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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