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Optimal CSD reshaping towards T2S
Mercier, Fabien; Sauer, Stephan - 2013
T2S is the single and harmonised IT platform for securities settlement in central bank money developed by the Eurosystem to promote integration in the European post-trading industry, and will go live in 2015. CSDs joining T2S are thus faced with the decision problem of determining to which...
Persistent link: https://www.econbiz.de/10011605594
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Noch Ineffizienzen im Auslands-Zahlungsverkehr!
Dennig, Ulrike - In: Wirtschaftsdienst 82 (2002) 2, pp. 107-111
Nach einer Verordnung der EU-Kommission vom Dezember letzten Jahres müssen im Euro-Raum die Gebühren ab dem 1. Juli 2002 für grenzüberschreitende Abhebungen am Geldautomat und für Bankkartenzahlungen sowie ab dem 1. Juli 2003 bei Überweisungen denen im Inland entsprechen. Hiermit will die...
Persistent link: https://www.econbiz.de/10010333000
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Target balances and the German financial account in light of the European balance-of-payments crisis
Sinn, Hans-Werner; Wollmershäuser, Timo - 2012
look at the components of this reversal of capital flows for the case of Germany. Its main finding is that most of the … Germany is small by comparison, with purchases of German government bonds increasing substantially, in particular by Spanish … and Irish investors. Some foreign capital even left Germany. In net terms, over the years 2008, 2009 and 2011 foreigners …
Persistent link: https://www.econbiz.de/10010291492
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Target-Salden und die deutsche Kapitalbilanz im Zeichen der europäischen Zahlungsbilanzkrise
Sinn, Hans-Werner; Wollmershäuser, Timo - 2012
zusammengefasst werden. Erstens: Ohne die Rettungsmaßnahmen des öffentlichenSektors (Staat und Bundesbank) ist Deutschland seit 2010 … demAusland ab und repatriierten Kapital über diesen Weg. Drittens: Der Zufluss an ausländischemFluchtkapital nach Deutschland ist …
Persistent link: https://www.econbiz.de/10010312048
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China-Risiken stärker beachten
Kuhn, Britta - In: Wirtschaftsdienst 103 (2023) 3, pp. 165-169
Germany should pay more attention to risks in procurement, manufacturing and sales in China. First, China's population … Currencies. This will raise its power for sanc-tioning other countries financially. Overall, while Germany should focus on …
Persistent link: https://www.econbiz.de/10014289975
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The recycling problem in a currency union
Krimpas, G. E. - 2010
The recycling problem is general, and is not confined to a multicurrency setting: whenever there are surplus and deficit units-that is, everywhere-adjustment in real terms can be either upward or downward. The question is, Which? An attempt is made to formulate the problem in terms of the...
Persistent link: https://www.econbiz.de/10010281699
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New financial technologies, sustainable development, and the international monetary system
Prasad, Eswar S. - 2021
New financial technologies - including those underpinning cryptocurrencies - herald broader access to the financial system, quicker and more easily verifiable settlement of transactions and payments, and lower transaction costs. Domestic and cross-border payment systems are on the threshold of...
Persistent link: https://www.econbiz.de/10012807458
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On the value of virtual currencies
Bolt, Wilko; van Oordt, Maarten R. C. - 2016
This paper develops an economic framework to analyze the exchange rate of virtual currency. Three components are important: first, the current use of virtual currency to make payments; second, the decision of forward-looking investors to buy virtual currency (thereby effectively regulating its...
Persistent link: https://www.econbiz.de/10011564722
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What drives international bank flows? Politics, institutions and other determinants
Papaioannou, Elias - 2005
This paper uses a large panel of bilateral bank flow data to assess how institutions and politics affect international capital -bank in particular- flows. The following key findings emerge: 1) The empirical "gravity" model is the benchmark in explaining the volume of international banking...
Persistent link: https://www.econbiz.de/10011604483
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Explaining cross-border large-value payment flows: evidence from TARGET and EURO 1 data
Rosati, Simonetta; Secola, Stefania - 2005
We analyse the distribution of the TARGET cross-border interbank payment flows, from both a cross-section and time series point of view, using average daily data for the period 1999-2002. We find out that first, “location matters”, in the sense that bilateral payment flows seem to reflect an...
Persistent link: https://www.econbiz.de/10011604489