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Substitution between net and gross settlement systems: A concern for financial stability?
Craig, Ben; Fecht, Falko - 2011
While net settlement systems make more efficient use of liquidity than gross settlement systems, they are known to generate systemic risk. What does that tendency imply for the stability of the payments [or financial] system when the two settlement systems coexist? Do liquidity shortages induce...
Persistent link: https://www.econbiz.de/10010305999
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The Philippine Payment System: Efficiency and Implications for the Conduct of Monetary Policy
Lamberte, Mario B. - 2001
, and facilities for the clearing and settlement of payments. Areas for improving the efficiency and reducing risks in …
Persistent link: https://www.econbiz.de/10011429672
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The topology of Danish interbank money flows
Bech, Morten Linnemann; Rørdam, Kirsten Bonde - 2008
This paper presents the first topological analysis of Danish money market flows. We analyze the structure of two networks with different types of transactions. The first network is the money market network, which is driven by banks' behaviour on the interbank market, the second is the network of...
Persistent link: https://www.econbiz.de/10010321179
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Systemic risk in the Danish interbank netting system
Bech, Morten L.; Madsen, Bo; Natorp, Lone - 2002
Central banks have become increasingly worried about systemic risks to the financial market and infrastructure stemming from payment systems. Failure to settle by a participant in a netting system can potentially jeopardize the settlement of other participants. The fear of a systemic crisis has...
Persistent link: https://www.econbiz.de/10010321224
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Quantitative analysis of financial market infrastructures: further perspectives on financial stability
Laine, Tatu (contributor) - 2015
This simulator seminar book includes twelve chapters dealing with various aspects of quantitative analysis of financial market infrastructures. The topics include, among others, systemic risks, participant behavior, and new monitoring methods of various payment systems. The methodologies vary...
Persistent link: https://www.econbiz.de/10012148914
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The social and private costs of retail payment instruments: a European perspective
Schmiedel, Heiko; Kostova, Gergana; Ruttenberg, Wiebe - 2012
The European Central Bank (ECB) carried out a study of the social and private costs of different payment instruments with the participation of 13 national central banks in the European System of Central Banks (ESCB). It shows that the costs to society of providing retail payment services are...
Persistent link: https://www.econbiz.de/10011606289
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Vertical Grants and Local Public Efficiency
Bischoff, Ivo; Bönisch, Peter; Haug, Peter; Illy, Annette - 2013
This paper analyses the impact of vertical grants on local public sector efficiency. First, we develop a theoretical … reduce efficiency if voters do not misinterpret the amount of vertical grants the local bureaucrats receive. If voters suffer … from fiscal illusion, i.e. overestimate the amount of grants, our model yields an ambiguous effect of grants on efficiency …
Persistent link: https://www.econbiz.de/10010292377
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Competitive ability of east german agriculture – An efficiency analysis of farms in Saxony-Anhalt and the Czech Republic
Rothe, Andrea; Lissitsa, Alexej - 2005
. Die Effizienz zahlreicher Agrarunternehmen Sachsen-Anhalts wurde darüber hinaus durch den verstärkten Bodenkauf negativ …The main focus of this Discussion Paper the analysis of the efficiency of agricultural enterprises in Sachsen … efficiency measurement the technical, pure technical and scale efficiency of agricultural enterprises on verge of the eastern …
Persistent link: https://www.econbiz.de/10010299343
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Russischer Agrarsektor im Aufschwung? Eine Analyse der technischen und Skaleneffizienz der Agrarunternehmen
Stange, Henriette; Lissitsa, Alexej - 2003
Spezialisierung auf die Effizienz untersucht. Um die Auswirkungen der Reformen und die Veränderungen in den Agrarunternehmen zu … der durchschnittlichen Effizienz im Vergleich von 1993 zu 2000. Bei der Betrachtung der Einflussfaktoren auf die … technische Effizienz hat die Wahl der Rechtsform keinen Einfluss. Hingegen beeinflussen Betriebsgröße und Spezialisierung die …
Persistent link: https://www.econbiz.de/10010299452
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Wettbewerbspotenziale im deutschen Apothekenmarkt
Coenen, Michael; Haucap, Justus; Herr, Annika; … - 2011
Der vorliegende Beitrag analysiert den Ordnungsrahmen für den deutschen Apothekenmarkt und die dortigen Konkurrenzbeziehungen, welche durch signifikante Wettbewerbsdefizite gekennzeichnet sind. Ausgehend von unserer Diagnose und den Befunden werden die Vor- und Nachteile von zwei...
Persistent link: https://www.econbiz.de/10010305916