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...
| Autor: | |
|---|---|
| Formato: | artículo |
| Fecha de Publicación: | 2011 |
| Institución: | Universidad ESAN |
| Repositorio: | Revistas - Universidad ESAN |
| Lenguaje: | inglés |
| OAI Identifier: | oai:ojs.pkp.sfu.ca:article/243 |
| Enlace del recurso: | https://revistas.esan.edu.pe/index.php/jefas/article/view/243 |
| Nivel de acceso: | acceso abierto |
| Materia: | Central counterparty money market international regulatory institutions |
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Considerations for the Design of a Central Counterparty for the Mexican Money Marketde Lascurain M., Miguel Central counterpartymoney marketinternational regulatory institutionsThe 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 marketUniversidad ESAN2011-12-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed Articleapplication/pdfhttps://revistas.esan.edu.pe/index.php/jefas/article/view/243Journal of Economics, Finance and Administrative Science; Vol. 16 No. 31 (2011): July - December; 49-61Journal of Economics, Finance and Administrative Science; Vol. 16 Núm. 31 (2011): July - December; 49-612218-06482077-1886reponame:Revistas - Universidad ESANinstname:Universidad ESANinstacron:ESANenghttps://revistas.esan.edu.pe/index.php/jefas/article/view/243/144Copyright (c) 2011 Journal of Economics, Finance and Administrative Sciencehttps://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:ojs.pkp.sfu.ca:article/2432021-09-16T01:14:05Z |
| dc.title.none.fl_str_mv |
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 M., Miguel Central counterparty money market international regulatory institutions |
| 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 |
| dc.creator.none.fl_str_mv |
de Lascurain M., Miguel |
| author |
de Lascurain M., Miguel |
| author_facet |
de Lascurain M., Miguel |
| author_role |
author |
| dc.subject.none.fl_str_mv |
Central counterparty money market international regulatory institutions |
| topic |
Central counterparty money market international regulatory institutions |
| description |
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 |
| publishDate |
2011 |
| dc.date.none.fl_str_mv |
2011-12-30 |
| dc.type.none.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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article |
| status_str |
publishedVersion |
| dc.identifier.none.fl_str_mv |
https://revistas.esan.edu.pe/index.php/jefas/article/view/243 |
| url |
https://revistas.esan.edu.pe/index.php/jefas/article/view/243 |
| dc.language.none.fl_str_mv |
eng |
| language |
eng |
| dc.relation.none.fl_str_mv |
https://revistas.esan.edu.pe/index.php/jefas/article/view/243/144 |
| dc.rights.none.fl_str_mv |
Copyright (c) 2011 Journal of Economics, Finance and Administrative Science https://creativecommons.org/licenses/by/4.0/ info:eu-repo/semantics/openAccess |
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Copyright (c) 2011 Journal of Economics, Finance and Administrative Science https://creativecommons.org/licenses/by/4.0/ |
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openAccess |
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application/pdf |
| dc.publisher.none.fl_str_mv |
Universidad ESAN |
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Universidad ESAN |
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Journal of Economics, Finance and Administrative Science; Vol. 16 No. 31 (2011): July - December; 49-61 Journal of Economics, Finance and Administrative Science; Vol. 16 Núm. 31 (2011): July - December; 49-61 2218-0648 2077-1886 reponame:Revistas - Universidad ESAN instname:Universidad ESAN instacron:ESAN |
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Universidad ESAN |
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ESAN |
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ESAN |
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Revistas - Universidad ESAN |
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Revistas - Universidad ESAN |
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12.624894 |
Nota importante:
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).
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).
