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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
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
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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
e.g. on artificial neural networks as well as GARCH models. These studies have been presented in the Bank of Finland …
Persistent link: https://www.econbiz.de/10012148914
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Which households use banks? Evidence from the transition economies
Beck, Thorsten; Brown, Martin - 2011
services is related to household characteristics, bank ownership structure and the development of the financial infrastructure …. At the household level we find that the holding of a bank account or bank card increases with income, wealth and … integration. Our results show that foreign bank ownership is associated with more bank accounts among high-wealth, high …
Persistent link: https://www.econbiz.de/10011605341
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An empirical study of the Mexican banking system's network and its implications for systemic risk
Martínez-Jaramillo, Serafín; Alexandrova-Kabadjova, … - 2012
considerably after Lehmans failure; interconnectedness of a bank, estimated by the unified measure, is not necessarily related with …
Persistent link: https://www.econbiz.de/10010322574
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Merchant acceptance, costs, and perceptions of retail payments: A Canadian survey
Arango, Carlos; Taylor, Varya - 2008
Using the results of a survey on accepted means of payment, the authors examine merchant preferences and perceptions of retail payment reliability, risk, and costs; the share of each type of payment method over total sales; and the costs involved in accepting payments. Models are developed for...
Persistent link: https://www.econbiz.de/10010289672
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The Contribution of Rapid Financial Development to Asymmetric Growth of Manufacturing Industries: Common Claims vs. Evidence for Poland
von Furstenberg, George M. - 2004
CEE countries such as Poland started to experience a very high rate of financial development within a few years after … industry growth in Poland. This negative finding held for 1990-2001 as a whole and for two distinct sub-periods that differed …
Persistent link: https://www.econbiz.de/10010295661
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All Quiet on the Wage Front? Gender, Public-Private Sector Issues, and Rigidities in the Polish Wage Structure
Puhani, Patrick A. - 1997
We analyse the Polish wage and unemployment structure between 1992 and 1995 on the basis of the Polish Labour Force Survey. It is shown that within this period wage inequality has stabilised. Surprisingly, wage inequality is lower in the private than in the public sector. Our test results show...
Persistent link: https://www.econbiz.de/10010297549