---
title: Collateral policy surprises
url: https://www.ml-quant.com/papers/repec/zbw-bubdps-343110/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:zbw:bubdps:343110
source_url: https://econpapers.repec.org/RePEc:zbw:bubdps:343110
featured: 2026-09-25
citations: unknown
topic: Risk, Credit & Banking
---


# Collateral policy surprises

Expansionary central bank collateral policy surprises reduce bank default risk and volatility while compressing government bond spreads, transmitting effects distinctly from asset purchases.

- Source: https://econpapers.repec.org/RePEc:zbw:bubdps:343110
- Identifier: RePEc:zbw:bubdps:343110
- Released: 2026-09-21
- First featured: Quant Letter No. 132 (2026-09-25): https://www.ml-quant.com/issues/2026-09-25/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Risk, Credit & Banking
- Authors: Hüttl, Pia, Ider, Gökhan, Kaldorf, Matthias

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