European and US repo markets are different, and that means one-size-fits-all-regulation is unwise

The US and European markets are not identical, although they are often made out to be just that. Besides macro differences, within Europe, transactions are subject to individual country laws, further fracturing what is often seen as one EU market. A new research paper by Songjuwen Wu of the University of Heidelberg and Hossein Nabilou of the Universite du Luxembourg spells out why this matters.
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