Collateral Markets and Financial Plumbing (3rd edition)

Monetising assets and collateral management has never been more important. Policy makers are recognising this and paying increased attention to complex market plumbing, which is essential to grasp in order to better understand monetary policy, leverage as well as the shadow banking world. Fully revised and completely updated Collateral Markets and Financial Plumbing, written by a global expert in collateral and financial markets infrastructure, Manmohan Singh, is now in its third edition. This bestselling book expands on the present thinking, shedding new light on the basic legal underpinnings of financial collateral, its sources and the key players in the markets. Singh also examines how the size of this market is relevant from a macroeconomic and monetary perspective.