Search: SOEs
RBA Glossary definition for SOEs
SOEs – state owned enterprises
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The Model
22 Nov 2016
RDP
2016-07
Moreover, doing so is consistent with the approach used for other incomplete market models, such as Bewley models. ... However, re-sizing occurs much less frequently than initial margin is called for, and so has less immediate incentive effects.
https://www.rba.gov.au/publications/rdp/2016/2016-07/model.html
The Efficiency of Central Clearing: A Segmented Markets Approach
1 Oct 2016
RDP
2016-07
The CCP in our model does so by guaranteeing payment on all contracts that it clears. ... In doing so, the original bilateral contract is torn up and the CCP assumes the counterparty credit risk.
https://www.rba.gov.au/publications/rdp/2016/2016-07/full.html
Results
22 Nov 2016
RDP
2016-07
This is because additional central clearing increases the fraction of contracts that are insured, and so are a better hedge. ... These benefits have been extensively covered in the literature, so we have not addressed them here.
https://www.rba.gov.au/publications/rdp/2016/2016-07/results.html
Appendix A: Trader Behaviour and Solution Method
22 Nov 2016
RDP
2016-07
This is an intuitive result, traders are trading the contract so that their consumption (which depends on s. ... We do so by relying on the fact that draws of y.
https://www.rba.gov.au/publications/rdp/2016/2016-07/appendix-a.html
Background
22 Nov 2016
RDP
2016-07
It does so through novation, where the CCP steps in after a contract is struck bilaterally and becomes the buyer to every seller and the seller to every buyer. ... In doing so, the original bilateral contract is torn up and the CCP assumes the
https://www.rba.gov.au/publications/rdp/2016/2016-07/background.html
Introduction
22 Nov 2016
RDP
2016-07
The CCP in our model does so by guaranteeing payment on all contracts that it clears.
https://www.rba.gov.au/publications/rdp/2016/2016-07/introduction.html