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Net Settlement and Counterparty Risk: Evidence from the Formation of the New York Stock Exchange Clearing House in 1892
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Material Type |
Article
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Author(s) |
MCSHERRY, BERNARD (Author)
K. WILSON, BERRY (Author)
J. MCANDREWS, JAMES (Author)
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Source Journal Info. |
Title:
Journal of Money, Credit, and Banking
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Volume/ Issue No.: 2017/SEP V.49 N.6
Call No.:332.05 JMC Location: Periodicals & References Hall - 2nd floor
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Physical Description |
1273-1298
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Subject Area/ Descriptors |
Economics
(9033)
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Abstract |
The securities settlement literature indicates that centralized settlement can reduce monitoring incentives and lead to excessive risk?taking and inefficient risk?sharing....
Full Abstract
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Journal:
Journal of Money, Credit, and Banking
(532)
Issu: 2017/SEP V.49 N.6
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