Considerations for the Design of a Central Counterparty for the Mexican Money Market
Descripción del Articulo
The financial crisis has brought the problems of regulatory failure and unbridled counterparty risk to the forefront in financial discussions. In the last decade central counterparties have been created in order to face those insidious problems. In Mexico both the stock and the derivatives markets h...
| Autor: | |
|---|---|
| Formato: | artículo |
| Fecha de Publicación: | 2011 |
| Institución: | Universidad ESAN |
| Repositorio: | ESAN-Institucional |
| Lenguaje: | inglés |
| OAI Identifier: | oai:repositorio.esan.edu.pe:20.500.12640/1972 |
| Enlace del recurso: | https://revistas.esan.edu.pe/index.php/jefas/article/view/243 https://hdl.handle.net/20.500.12640/1972 https://doi.org/10.46631/jefas.2011.v16n31.03 |
| Nivel de acceso: | acceso abierto |
| Materia: | Central counterparty Money market International regulatory institutions Contrapartida central Mercado de divisas Instituciones reguladoras internacionales https://purl.org/pe-repo/ocde/ford#5.02.04 |
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De Lascurain, Miguel2020-07-01T04:20:27Z2020-07-01T04:20:27Z2011-12-30https://revistas.esan.edu.pe/index.php/jefas/article/view/243De Lascurain, M. (2011). Considerations for the design of a central counterparty for the Mexican money market. Journal of Economics, Finance and Administrative Science, 16(31), 49-61. https://doi.org/10.46631/jefas.2011.v16n31.03https://hdl.handle.net/20.500.12640/1972https://doi.org/10.46631/jefas.2011.v16n31.03The financial crisis has brought the problems of regulatory failure and unbridled counterparty risk to the forefront in financial discussions. In the last decade central counterparties have been created in order to face those insidious problems. In Mexico both the stock and the derivatives markets have central counterparties but the money market has not. This paper addresses the Issue of creating a central counterparty for the Mexican money market. Recommendations that must be followed in the design and the management of risk of a central counterparty given by international regulatory institutions are presented in this study. Also two different conceptual designs for a central counterparty appropriate for the Mexican market are proposed. Final conclusions support the creation of a new central counterparty for the Mexican money market.La crisis financiera ha puesto en la agenda de las discusiones financieras los problemas sobre fallas en las regulaciones y el riesgo descontrolado de la contrapartida. En la última década se han creado contrapartidas centrales para enfrentar estos insidiosos problemas. En México tanto la bolsa como los mercados de derivados tienen contrapartidas centrales pero el mercado de divisas no. En este estudio se presentan las recomendaciones que deberán seguirse para el diseño y manejo deriesgo de una contrapartida central hechas por instituciones reguladoras internacionales. Al mismo tiempo se proponen dos diseños conceptuales diferentes de contrapartidas centrales apropiadas para el mercado mexicano. Las conclusiones finales sustentan la creación de una nueva contrapartida central para el mercado de valores mexicanoapplication/pdfInglésengUniversidad ESAN. ESAN EdicionesPEurn:issn:2218-0648https://revistas.esan.edu.pe/index.php/jefas/article/view/243/144Attribution 4.0 Internationalinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by/4.0/Central counterpartyMoney marketInternational regulatory institutionsContrapartida centralMercado de divisasInstituciones reguladoras internacionaleshttps://purl.org/pe-repo/ocde/ford#5.02.04Considerations for the Design of a Central Counterparty for the Mexican Money Marketinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoreponame:ESAN-Institucionalinstname:Universidad ESANinstacron:ESANJournal of Economics, Finance and Administrative Science61314916Acceso abiertoTHUMBNAIL31.jpg31.jpgimage/jpeg114995https://repositorio.esan.edu.pe/bitstreams/4014f6b2-70c0-457a-b60c-63b46cd5e927/download2d130ccac1f484506e8431259b6a7975MD51falseAnonymousREADJEFAS-31-2011-49-61.pdf.jpgJEFAS-31-2011-49-61.pdf.jpgGenerated Thumbnailimage/jpeg4791https://repositorio.esan.edu.pe/bitstreams/d8037959-cb6d-45f4-8c69-e0be428de023/download70f8a1d68edd7b96aa2afc31832e5d17MD54falseAnonymousREADORIGINALJEFAS-31-2011-49-61.pdfTexto completoapplication/pdf285852https://repositorio.esan.edu.pe/bitstreams/8a00d522-cc6b-4f0a-8020-a99894c73d94/download525b20a88794ed7012a0be77c2735808MD52trueAnonymousREADTEXTJEFAS-31-2011-49-61.pdf.txtJEFAS-31-2011-49-61.pdf.txtExtracted texttext/plain45605https://repositorio.esan.edu.pe/bitstreams/a467cd41-a5c9-4f32-a838-ce7620164dd8/downloada93a81ab5317054b12be3755473127f9MD53falseAnonymousREAD20.500.12640/1972oai:repositorio.esan.edu.pe:20.500.12640/19722025-07-09 09:30:25.166https://creativecommons.org/licenses/by/4.0/Attribution 4.0 Internationalopen.accesshttps://repositorio.esan.edu.peRepositorio Institucional ESANrepositorio@esan.edu.pe |
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Considerations for the Design of a Central Counterparty for the Mexican Money Market |
| title |
Considerations for the Design of a Central Counterparty for the Mexican Money Market |
| spellingShingle |
Considerations for the Design of a Central Counterparty for the Mexican Money Market De Lascurain, Miguel Central counterparty Money market International regulatory institutions Contrapartida central Mercado de divisas Instituciones reguladoras internacionales https://purl.org/pe-repo/ocde/ford#5.02.04 |
| title_short |
Considerations for the Design of a Central Counterparty for the Mexican Money Market |
| title_full |
Considerations for the Design of a Central Counterparty for the Mexican Money Market |
| title_fullStr |
Considerations for the Design of a Central Counterparty for the Mexican Money Market |
| title_full_unstemmed |
Considerations for the Design of a Central Counterparty for the Mexican Money Market |
| title_sort |
Considerations for the Design of a Central Counterparty for the Mexican Money Market |
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De Lascurain, Miguel |
| author_facet |
De Lascurain, Miguel |
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author |
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De Lascurain, Miguel |
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Central counterparty Money market International regulatory institutions |
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Central counterparty Money market International regulatory institutions Contrapartida central Mercado de divisas Instituciones reguladoras internacionales https://purl.org/pe-repo/ocde/ford#5.02.04 |
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Contrapartida central Mercado de divisas Instituciones reguladoras internacionales |
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https://purl.org/pe-repo/ocde/ford#5.02.04 |
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The financial crisis has brought the problems of regulatory failure and unbridled counterparty risk to the forefront in financial discussions. In the last decade central counterparties have been created in order to face those insidious problems. In Mexico both the stock and the derivatives markets have central counterparties but the money market has not. This paper addresses the Issue of creating a central counterparty for the Mexican money market. Recommendations that must be followed in the design and the management of risk of a central counterparty given by international regulatory institutions are presented in this study. Also two different conceptual designs for a central counterparty appropriate for the Mexican market are proposed. Final conclusions support the creation of a new central counterparty for the Mexican money market. |
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2011 |
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2011-12-30 |
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https://revistas.esan.edu.pe/index.php/jefas/article/view/243 |
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De Lascurain, M. (2011). Considerations for the design of a central counterparty for the Mexican money market. Journal of Economics, Finance and Administrative Science, 16(31), 49-61. https://doi.org/10.46631/jefas.2011.v16n31.03 |
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https://hdl.handle.net/20.500.12640/1972 |
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https://doi.org/10.46631/jefas.2011.v16n31.03 |
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https://revistas.esan.edu.pe/index.php/jefas/article/view/243 https://hdl.handle.net/20.500.12640/1972 https://doi.org/10.46631/jefas.2011.v16n31.03 |
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De Lascurain, M. (2011). Considerations for the design of a central counterparty for the Mexican money market. Journal of Economics, Finance and Administrative Science, 16(31), 49-61. https://doi.org/10.46631/jefas.2011.v16n31.03 |
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La información contenida en este registro es de entera responsabilidad de la institución que gestiona el repositorio institucional donde esta contenido este documento o set de datos. El CONCYTEC no se hace responsable por los contenidos (publicaciones y/o datos) accesibles a través del Repositorio Nacional Digital de Ciencia, Tecnología e Innovación de Acceso Abierto (ALICIA).
