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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

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

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

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

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

The Swedish Payments System and the Underground Economy

Feige, Edgar L. - 1985

Persistent link: https://www.econbiz.de/10010335004

The costs of paying: Private and social costs of cash and card systems

Bergman, Mats; Guibourg, Gabriela; Segendorf, Björn - 2007

payments in Sweden in 2002. The combined social cost of providing these payment services is approximately 0.4 per cent of GDP …

Persistent link: https://www.econbiz.de/10010320791

The cost of consumer payments in Sweden

Segendorf, Björn; Jansson, Thomas - 2012

We estimate the social and private costs of consumer-to-business payments in Sweden in 2009. The combined social cost …

Persistent link: https://www.econbiz.de/10010320797

Inflation Targeting Is a Success, So Far: 100 Years of Evidence from Swedish Wage Contracts

Fregert, Klas; Jonung, Lars - 2008

Inflation targeting was adopted by several countries, including Sweden, in the 1990s. We evaluate the Swedish inflation … compared to previous regimes adopted in Sweden during the 20th century. Our approach to evaluate inflation targeting is … century of observations, inflation targeting in Sweden is a success – at least so far. …

Persistent link: https://www.econbiz.de/10010295281

The boom-bust cycle in Finland and Sweden 1984-1995 in an international perspective

Jonung, Lars; Schuknecht, Ludger; Tujula, Mika - 2005

This paper compares the boom-bust cycle in Finland and Sweden 1984-1995 with the average boom-bust pattern in … 1980s and 1990s. The boom-bust cycle in Finland and Sweden 1984-1995 was driven by financial liberalization and a hard …

Persistent link: https://www.econbiz.de/10010298327

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