Publications

Policy Note 2008/4 | October 2008

A Simple Proposal to Resolve the Disruption of Counterparty Risk in Short-Term Credit Markets

The impaired risk assessment caused by the collapse of mortgage-backed securities is the major problem threatening the stability of the American financial system, yet it is not clear that removing these assets from institutional balance sheets, as the government has proposed, will make it easier to assess counterparty risk in short-term credit markets. Resolving the disruption of counterparty risk should be the first objective of policy, argues Senior Scholar Jan Kregel, since these markets provide basic liquidity support for institutions operating in the broader financial markets.

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Jan Kregel

Publication Highlight

Working Paper No. 1039
Can the Philippines attain 6.5–8 Percent Growth During 2023–28?
An Assessment Based on the Estimation of the Balance-of-Payments–Constrained Growth Rate
Author(s): Jesus Felipe, Manuel L. Albis
February 2024

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