McMahon, Christopher; McGillivray, Donald; Desai, Ajit; … - 2022 - Last updated: December 22, 2022
High-value payment systems (HVPSs) are typically liquidity-intensive because the payment requests are indivisible and settled on a gross basis. Finding the right order in which payments should be processed to maximize the liquidity efficiency of these systems is an NP-hard combinatorial...