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还是星宇好 · 2020年09月17日

问一道题:NO.PZ2020042003000040

问题如下:

At times, large dealer banks have financed significant fractions of their assets using short-term (often overnight) repurchase agreements in which creditors held bank securities as collateral against default losses. The table below shows the quarter-end financing of four broker-dealer financial instruments. All values are in USD billions.

In the event that repo creditors become equally nervous about each bank’s solvency, which bank is most vulnerable to a liquidity crisis?

选项:

A.

Bank A

B.

Bank B

C.

Bank C

D.

Bank D

解释:

考点:对The Failure Mechanics of Dealer Banks的理解

答案: 选项B正确。

解析:

Not pledged assetsFinancial instruments owned里的占比越高代表在Liquidity crisis时越安全,相反,如果Not pledged assetsFinancial instruments owned里的占比越低,则代表越Vulnerable。因为B银行的占比最低,因此在Liquidity crisis时,他是Most vulnerable

repo creditor指的是??拿债券,出钱的一方啊,有点绕

1 个答案

小刘_品职助教 · 2020年09月17日

同学你好,

你理解是对的,就是指出钱的一方。