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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
they deepen the integration of their economies with the rest of the world. The paper gives a detailed description of the …
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
Gross Settlement systems around the world. This paper provides an assessment of the systemic risk inherent in the Danish …
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
common standard of data structures. Since establishing a standard at a system element incurs standardization costs, a … standard. In a recent paper, it is claimed that this so-called standardization problem is an NP-hard optimization problem. We … will demonstrate that this is not true, but in fact the standardization problem can be solved in polynomial time by solving …
Persistent link: https://www.econbiz.de/10011558768
Die Rolle von Normen innerhalb des Innovationssystems ist sehr umstritten. Es wird sogar vermutet, dass die Zeit der Normung bereits abgelaufen sei. Andererseits wird von einer erstarrenden Regelsetzung gesprochen, die die notwendige Flexibilität für Erfindungen und Innovationen verhindere....
Persistent link: https://www.econbiz.de/10011602241
This Policy Brief proposes the establishment of an agreement on conformity assessment between the EU and the US that covers machinery and electrical equipment. The initiative aims to increase the number of European and US conformity assessment bodies authorized to test and certify EU and US...
Persistent link: https://www.econbiz.de/10014560196
The EU published its new Standardisation Strategy in 2022. The strategy contains some good ideas to improve the way European standards are set. However, in its attempt to gain more control over technical standards, the EU risks killing the goose that lays the golden egg. The primary motivation...
Persistent link: https://www.econbiz.de/10014560201
The EU must embrace international cooperation and collaboration in technology-driven industries to ensure competitiveness and global relevance, while also considering the drawbacks of isolationist policies. The EU's commitment to open markets and global cooperation has historically been its...
Persistent link: https://www.econbiz.de/10014560202