German Government Securities Repurchase Agreement and Securities Lending Markets

  • Daniel Corrigan
  • Mark Pohlmann
Part of the Finance and Capital Markets Series book series

Abstract

Repurchase agreements were first developed in the United States of America in 1918 as ‘Resale agreements’ involving Bankers Acceptances, and were initiated to facilitate international trade. In 1923, repurchase agreements involving US Government securities were introduced to help manage bank reserves. Today many central banks use ‘repos’ within a range of tools to implement monetary policy.

Keywords

Income Volatility 

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1991

Authors and Affiliations

  • Daniel Corrigan
  • Mark Pohlmann

There are no affiliations available

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