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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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Automated teller machine network market structure and cash usage
Snellman, Heli - 2006
This study discusses the effects of the Automated Teller Machine (ATM) network market structure on the availability of cash withdrawal ATM services and cash usage.The aim and novelty of the study is to construct the ATM equation.The study also contributes to the earlier discussion on the effects...
Persistent link: https://www.econbiz.de/10012148902
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Digitalisierung im Zahlungsverkehr und Geldwesen: Banken und Geld im Umbruch - steigt die Wohlfahrt oder die Stabilitätsrisiken?
Bibow, Jörg - 2021
Zahlungsverkehr vielleicht sicherer, schneller und bequemer machen. Andererseits können sie zu Verwerfungen und Instabilitäten im …
Persistent link: https://www.econbiz.de/10012438293
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Simulation studies of liquidity needs, risks and efficiency in payment networks: Proceedings from the Bank of Finland Payment and Settlement System Seminars 2005-2006
Leinonen, Harry (contributor) - 2007
Chapter 1 Harry Leinonen Introduction 9 Chapter 2 Kimmo Soramäki - Walter Beyeler - Morten Bech - Rober Glass New approaches for payment system simulation research 15 Chapter 3 Fabien Renault - Jean-Baptiste Pecceu From PNS to TARGET2: the cost of FIFO in RTGS payment system 41 Chapter 4...
Persistent link: https://www.econbiz.de/10012148903
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Central counterparties
Koeppl, Thorsten V.; Monnet, Cyril - 2008
Central counterparties (CCPs) have increasingly become a cornerstone of financial markets infrastructure. We present a model where trades are time-critical, liquidity is limited and there is limited enforcement of trades. We show a CCP novating trades implements efficient trading behaviour. It...
Persistent link: https://www.econbiz.de/10010303758
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Management of FX settlement risk in Hungary (Report II): Payments and securities settlements
Tanai, Eszter - 2008
[...] The objective of this study is to analyse - relying on 2006 data - FX settlement risk that may arise in the domestic banking system under its current operations, and to chart the changes which took place after 2000, covering improvements and, if necessary, formulating (new) recommendations...
Persistent link: https://www.econbiz.de/10010322397
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Governance of securities clearing and settlement systems
Russo, Daniela; Hart, Terry L.; Papathanassiou, Chryssa - 2004
In the context of securities clearing and settlement systems, the nature of governance arrangements acquires a … light of the analysis of this paper, and pending a further evolution in the regulation of securities clearing and settlement … jurisdiction, securities clearing and settlement systems should adopt and ensure effective implementation of the highest corporate …
Persistent link: https://www.econbiz.de/10011606173
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Simulation analyses and stress testing of payment networks
Leinonen, Harry (contributor) - 2009
This publication consists of ten separate studies on payment and settlement systems employing simulation techniques. Most of these were carried out using the payment and settlement system simulator BoF-PSS2 provided by the Bank of Finland. The preliminary versions were presented at the annual...
Persistent link: https://www.econbiz.de/10012148906
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Diagnostics for the financial markets: computational studies of payment system: Simulator Seminar Proceedings 2009-2011
Hellqvist, Matti (contributor); Laine, Tatu (contributor) - 2012
Chapter 1 Matti Hellqvist - Tatu Laine Introduction 9 Chapter 2 Klaus Abbink - Ronald Bosman - Ronald Heijmans - Frans van Winden Disruptions in large value payment systems: An experimental approach 15 Chapter 3 Edward Denbee - Rodney Garratt - Peter Zimmerman Methods for evaluating liquidity...
Persistent link: https://www.econbiz.de/10012148909
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How abundant are reserves? Evidence from the wholesale payment system
Afonso, Gara; Duffie, Darrell; Rigon, Lorenzo; Shin, … - 2022
Before the era of large central bank balance sheets, banks relied on incoming payments to fund outgoing payments in order to conserve scarce liquidity. Even in the era of large central bank balance sheets, rather than funding payments with abundant reserve balances, we show that outgoing...
Persistent link: https://www.econbiz.de/10014302762