Front Matter Page
Research Department
Contents
I. Introduction
II. Reverse Maturity Transformation
III. Collateral Mining
IV. An Analytical Framework Encompassing Banks and Non-banks
V. Conclusion
Figure
1. A Simple Financial Intermediation Framework
2. A (more) Comprehensive Financial Intermediation Framework
3. The Sources and Uses of Collateral-Central Collateral Desks (2007-2010)
4. Re-pledged Collateral-Aggregate Market Size
5. An Example of Repeated Use of Collateral Creating a Dynamic Chain
Box
1. What is Reverse Maturity Transformation
2. Repeated Use of Colalteral and Dynamic Chains
3. Flow of Funds Data and Limitations
References