NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Sizing Up Repo

Arvind Krishnamurthy, Stefan Nagel, Dmitry Orlov

NBER Working Paper No. 17768
Issued in January 2012

---- Acknowledgements -----

We thank Peter Crane for providing data, and we are grateful for comments from Anat Admati, Tobias Adrian, Jeremy Bulow, Anna Cieslak, Darrell Duffie, Jacob Goldfield, Michael Fleming, Gary Gorton, Antoine Martin, Atif Mian, Philipp Schnabl, seminar participants at the Bank of Canada, Dartmouth, DePaul, University of Florida, Goethe University Frankfurt, Loyola, New York Fed, Northwestern, University of Lugano, Stanford, Wharton, University of Zurich, the American Economic Association Meetings, the NBER Monetary Economics and Capital Markets and the Economy workshops, and the Stanford Institute for Theoretical Economics for useful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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