News in Systemic Risk: Wednesday, December 19, 2018 (10 a.m. ET)
Re-use of collateral: leverage, volatility, and welfare (Johannes Brumm, Michael Grill, Felix Kübler, Karl Schmedders, ECB Working Paper)
Emerging market vulnerabilities – a comparison with previous crises (ECB)
Mnuchin Hints at Fannie-Freddie Changes to End U.S. Control (WSJ)
Sydney's Property Plunge Will Be the Central Bank's Biggest Worry (Bloomberg)
ECB Cuts Growth Forecasts as It Ends Bond-Buying Program (WSJ)
Hedge funds showing signs of caution towards US equities (FT)