Joshua Slive - Latest

• When Lower Risk Increases Profit: Competition and Control of a Central Counterparty

  Staff Working Paper 2012-35 Jean-Sébastien Fontaine, Héctor Pérez Saiz, Joshua Slive

  We model the behavior of dealers in Over-the-Counter (OTC) derivatives markets where a small number of dealers trade with a continuum of heterogeneous clients (hedgers). Imperfect competition and (endogenous) default induce a familiar trade-off between competition and risk.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Financial stability, Financial system regulation and policies JEL Code(s): G, G1, G10, G18
• June 22, 2011

  Access to Central Clearing Services for Over-the-Counter Derivatives

  Financial System Review - June 2011 Carolyn A. Wilkins, Jonathan Witmer, Joshua Slive

  Content Type(s): Publications, Financial System Review articles