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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
In a modern economy, the payment system is a major component of the country's infrastructure system. Indeed, no country nowadays can afford to take its payment system for granted. Advances in information technology and changes in laws, institutions and regulations in some countries have...
Persistent link: https://www.econbiz.de/10011429672
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
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
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
The impact of organized crime on inter-regional price disparities in Russia is estimated for each year from 1992 to …
Persistent link: https://www.econbiz.de/10010293751
Russia; and its integration has been just the same as that one in the countries of developed market economy. …
Persistent link: https://www.econbiz.de/10010294026
change (Rio declaration 1992) will take place. This meeting is crucial as it depends only on russia´s ratification to get the … russia´s position in these negotiations up to now. It will be discussed, why russia shall comply with the protocoll for ist … used for making the point, that it is in russia´s interest to enable the protocoll´s functioning: only by compliance russia …
Persistent link: https://www.econbiz.de/10010295376
exchange-traded and over-the-counter-traded derivatives in Russia show that the Russian derivatives markets experienced …-traded derivatives in Russia rose from 2000 to 2006 on average 168 percent per year and reached a total turnover of EUR 102 billion in … Russia. Turnover of exchange-traded derivatives on interest rates, bonds or even commodities represent only a very small …
Persistent link: https://www.econbiz.de/10010297949
of Russian agriculture. Despite these expectations, family farming is still a small sector in Russia, while agriculture …
Persistent link: https://www.econbiz.de/10010299326