Fragilities in the U.S. Treasury Market : Lessons from the 'Flash Rally' of October 15, 2014 /

Changes in the structure of the U.S. Treasury market over recent years may have increased risks to financial stability. Traditional market makers have changed their liquidity provision by increasingly switching from risk warehousing to risk distribution, and a new breed of market maker has emerged w...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Bouveret, Antoine
Weitere Verfasser: Breuer, Peter, Chen, Yingyuan, Jones, David
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2015.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2015/222
Online Zugang:Full text available on IMF