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Author:Baer, Herbert L. 

Newsletter
Regulatory burden handicaps low-risk banking

Chicago Fed Letter , Issue Jan

Newsletter
Bubble, bubble, toil and trouble

Chicago Fed Letter , Issue Nov

Working Paper
Opportunity cost and prudentiality: an analysis of collateral decisions in bilateral and multilateral settings

This paper develops a model that explains how the creation of a futures clearinghouse allows traders to reduce default and economize on margin. We contrast the collateral necessary between bilateral partners with that required when multilateral netting occurs. Optimal margin levels balance the deadweight costs of default against the opportunity costs of holding additional margin. Once created, it may be optimal for the clearinghouse to monitor the financial condition of its members. If undertake, monitoring will reduce the amount of margin required but need not affect the probability of ...
Working Paper Series , Paper WP-01-26

Working Paper
Opportunity cost and prudentiality: a representative-agent model of futures clearinghouse behavior

Working Paper Series, Issues in Financial Regulation , Paper 93-18

Working Paper
Payments system risk issues in a global economy

Working Paper Series, Issues in Financial Regulation , Paper 90-12

Journal Article
Capital shocks and bank growth -- 1973 to 1991

Economic Perspectives , Volume 17 , Issue Jul , Pages 2-21

Working Paper
Capital adequacy and the growth of U.S. banks

Working Paper Series, Issues in Financial Regulation , Paper 92-11

Journal Article
Payments system issues in financial markets that never sleep

Economic Perspectives , Volume 14 , Issue Nov , Pages 2-15

Journal Article
Private prices, public insurance: The pricing of federal deposit insurance

Economic Perspectives , Volume 9 , Issue Sep

Conference Paper
The effect of bank risk on the price and availability of uninsured deposits

Proceedings , Paper 102

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