Browsing Working Papers by Author "Mello, Antonio S."

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    • Margins, Liquidity and the Cost of Hedging 

      Mello, Antonio S.; Reilly, John E. (MIT CEEPR, 2012-05-21)
      Recent financial reforms, such as the Dodd-Frank Act in the U.S. and the European Market Infrastructure Regulation, encourage greater use of clearing and therefore increased margining of derivative trades. They also impose ...