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research article
To Fully Net or Not to Net: Adverse Effects of Partial Multilateral Netting
2016
We show that partial versus full multilateral netting of interbank liabilities increases bank shortfall and reduces clearing asset price and aggregate bank surplus. We also show that partial multilateral netting can be worse than no netting at all.
Type
research article
Web of Science ID
WOS:000388844400007
Authors
Publication date
2016
Publisher
Published in
Volume
64
Issue
5
Start page
1135
End page
1142
Peer reviewed
REVIEWED
EPFL units
Available on Infoscience
January 24, 2017
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