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2 posts on "haircuts"
August 19, 2013

Are Higher Haircuts Better? A Paradox

Brian Begalle, Adam Copeland, Antoine Martin, Jamie McAndrews, and Susan McLaughlin Repurchase agreement (repo) markets played an important role in the 2007-09 financial crisis in the United States, and much discussion since then has focused on the role of repo haircuts. A repo is essentially a loan collateralized by securities. Typically, the value of the […]

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Posted at 7:00 am in Financial Institutions, Financial Markets, Repo | Permalink | Comments (3)
September 17, 2012

The Odd Behavior of Repo Haircuts during the Financial Crisis

Since the financial crisis began, there’s been substantial debate on the role of haircuts in U.S. repo markets.

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Posted at 7:00 am in Financial Markets, Regulation, Repo | Permalink | Comments (2)

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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