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Last Updated: 11/30/16

Economic Perspectives

What We Learn from a Sovereign Debt Restructuring in France in 1721

François Velde

Past examples of debt restructurings yield important insights into what is technically and politically feasible for governments facing financial crisis.

Cleared Margin Setting at Selected Central Counterparties

Richard HeckingerRobert T. Cox and David Marshall

Interviews with senior personnel at six of the world’s largest central counterparty clearing houses and research by financial markets staff shed light on regulations, principles, and best practices in margin setting for derivatives.

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