PhiMac Seminar - Weijie Pang - An Introduction to the Sale and Repurchase Market
Speaker: Weijie Pang (McMaster University)
Title: An Introduction to the Sale and Repurchase Market
Abstract: Starting from the 1970s, many companies use the sale and repurchase market (Repo market) to manage their cash and derivatives. With rapid growth in it size, the US and Euro Repo market both have $10 trillion market size by the end of 2007. The Repo market is already a major source of funding and securities for many companies. In this talk, we introduce the history and functions of the Repo market, and explain the performances of US and UK Repo market during the 2008 financial crisis.