| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18724 |
| 来源ID | Working Paper 18724 |
| Measuring Margin | |
| Robert L. McDonald | |
| 发表日期 | 2013-01-17 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Policy makers and market participants alike wish to understand the amount, economic significance, and concentration of derivatives trading activity. This paper suggests that systematic measuring and reporting of margin by market participants, disaggregated by asset class, would provide more meaningful insights into derivatives activity. Where margin is not required, it could nevertheless be imputed and reported. The Dodd-Frank financial reform bill, by contrast, moves away from transparency by granting non-financial firms an end-user exemption from posting initial margin on their trades. This is economically equivalent to a borrowing from the counterparty and effectively permits these firms to issue off-balance-sheet debt. |
| 主题 | Financial Economics ; Financial Markets ; Corporate Finance |
| URL | https://www.nber.org/papers/w18724 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576398 |
| 推荐引用方式 GB/T 7714 | Robert L. McDonald. Measuring Margin. 2013. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18724.pdf（175KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Robert L. McDonald]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Robert L. McDonald]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Robert L. McDonald]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
