A chronicle of repurchase agreements (RP) and other paradoxical property ownership contracts - www.omo.co.nz
Reference Publications | Publisher | Publication Date | |
Open Market Operations In the 1990's | Federal Reserve Board of Governors | 1997 | |
The Federal Reserve System: Purposes and Functions | Federal Reserve Board of Governors | 1994 | |
U.S. Monetary Policy and the Financial Markets | Federal Reserve Bank of New York | 1998 | |
Open Market Operations, Annual Reports | Federal Reserve Bank of New York | various | |
Repurchase and Reverse Repurchase Agreements | Federal Reserve Bank of Richmond | 1993 | |
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OMO Matters
US Federal Reserve Reference Publications
"The market for repurchase agreements on US government securities is of vital importance to the New York Fed, and the whole Federal Reserve System, because it is where virtually all of our monetary policy operations are conducted."- Peter Fisher, Manager, System Open Market Account - 15 January 1997.
"Open market operations are not another weapon in the Fed's arsenal, but the only weapon in its arsenal." - Monetary Trends, St Louis Federal Reserve, August 2003.
Repurchase Agreements with Negative Interest Rates - FRBNY - A primer detailing how short sales of Treasury securities can lead to protracted RP fails and consequently negative rates to address capital requirement issues.
OMO-Repo Misuse - Letters to Hon. Dr. Michael Cullen, N.Z. Minister of Finance.
Repo Transaction Accounting. Letter to Mr A Orr, RBNZ.
IMF Repo Accounting Examples, Full Article
NZ Debt Management Office Uridashi issue and associated EuroKiwi letters to Hon. Dr. Michael Cullen, N.Z. Minister of Finance.