Market Power in Wholesale Funding: A Structural Perspective from the Triparty Repo Market

This directory provides the data and the code that generate the analyses and outputs in Huber (2023). The original paper studies imperfect competition in the systemically important Triparty repo market. By modeling and structurally estimating the equilibrium on the Triparty repo market, Huber (2023) finds that dealers command substantial market power over cash lenders in this secured wholesale funding market, thus providing an explanation for large and persistent funding spreads involving typically repo-financed securities. Please refer to the README in this directory for details on how to use the data and the code.