Maddaloni, Giuseppe; Marcelli, Stefano - In: Moneta e Credito 59 (2006) 235, pp. 257-271
Aim of the paper is assessing, from 2001 to 2005, the impact of some changes affecting the Italian payment system on reserves demand and revenues of those banks directly participating in the new BI-REL, the Italian RTGS system. The results of the analysis carried out on 105 banks directly...