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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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Monopolistic Competition and Costs in the Health Care Sector
Kumpmann, Ingmar - 2009
Competition among health insurers is widely considered to be a means of enhancing efficiency and containing costs in … is able to counterbalance the strong position of physicians and to achieve lower costs. … MonopolKrankenversicherung kann die starke Verhandlungsposition der Ärzte ausgleichen und niedrigere Kosten durchsetzen. …
Persistent link: https://www.econbiz.de/10010271400
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Strong hysteresis due to age effects
Chen, Yu-Fu - 2009
Persistent link: https://www.econbiz.de/10014306485
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Unter welchen Bedingungen fördert die Riester-Förderung? Eine theoretische Analyse unter simultaner Einbeziehung von Kosten- und Steuereffekten
Stahl, Silvana; Stahl, Stefan; Kasch, Philipp - 2012
Vorteilhaftigkeit bezogen sich in der Regel auf Teilaspekte: entweder nur die Kosten- oder nur die Steuereffekte wurden untersucht … geben, wobei Kosten- und Steuereffekte gleichermaßen berücksichtigt werden. Dabei steht nicht die Frage im Vordergrund …
Persistent link: https://www.econbiz.de/10010319287
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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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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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Nothing is free: A survey of the social cost of the main payment instruments in Hungary
Turján, Anikó; Divéki, Éva; Keszy-Harmath, Éva; … - 2011
The study applies two approaches for the estimation of the social costs of main payment instruments (cash, debit card … net value (i.e. exclusive of fees paid for payment services). Thus, HUF 103 billion could be saved in social costs if the …
Persistent link: https://www.econbiz.de/10010322408
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Liquidity efficiency and distribution in the LVTS: Non-neutrality of system changes under network asymmetry
O'Connor, Sean; Chapman, James; Millar, Kirby - 2008
cost structures involving collateral costs, queuing costs, and payment delay penalties. Each of the conjectural equilibria …
Persistent link: https://www.econbiz.de/10010289716