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Liquidity-saving mechanisms and bank behaviour
Galbiati, Marco; Soramaki, Kimmo - Bank of England - 2010
of two ‘streams’: the RTGS stream, and an LSM stream. Looking at equilibrium choices we find that, when liquidity is … expensive, the two-stream system is more efficient than the vanilla RTGS system without an LSM. This is because the LSM achieves … the full benefits of an LSM. In all cases, these results are valid for this particular model of an RTGS payment system and …
Persistent link: https://www.econbiz.de/10010704395
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The role of real-time gross settlement in a world of instant payments
Yawe, Bruno L.; Kiwala, Yusuf - In: Journal of payments strategy & systems 13 (2019) 3, pp. 194-200
Persistent link: https://www.econbiz.de/10012126490
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Sequential payments and optimal pricing in payment systems
Ota, Tomohiro - In: Annals of finance 12 (2016) 3/4, pp. 441-463
Persistent link: https://www.econbiz.de/10011575174
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The real-time impact on real economy : a multivariate bvar analysis of digital payment systems and economic growth in India
Rooj, Debasis; Sengupta, Reshmi - 2020
dynamic linkage between a digital payment system, real-time gross settlement (RTGS), and economic growth in India, using a … multivariate Bayesian vector autoregressive (BVAR) model. Using monthly observations on the value and the volume of RTGS, we show … that the value of RTGS has a significant impact on both income and price level in the economy. Our results also indicate …
Persistent link: https://www.econbiz.de/10012212688
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Liquidity risk and interdependence in payment systems : the case of Peru
Baldoceda, Jushua; Meza, Anthony - 2022
of the RTGS System, administered by the Central Reserve Bank of Peru. These indicators are contrasted with the … participant's intraday facilities operations in the RTGS (from Jan-2010 to Nov-2021), in order to assess the liquidity problem and …
Persistent link: https://www.econbiz.de/10012887762
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After Libra, Digital Yuan and COVID-19 : central bank digital currencies and the new world of money and payment systems
Didenko, Anton N.; Zetzsche, Dirk; Arner, Douglas W.; … - 2020
Persistent link: https://www.econbiz.de/10012431417
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Granting access to real-time gross settlement systems in the FinTech era
Bossone, Biagio; Srinivas, Gynedi; Banka, Holti - In: Journal of payments strategy & systems 14 (2020/2021) 4, pp. 363-379
Persistent link: https://www.econbiz.de/10012519033
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Liquidity needs and liquidity costs of an instant payment system
Balla, Gergely Patrik; Ilyés, Tamás - 2016
In our study we analysed the effect of the introduction of an instant payment system in Hungary, using a large number of transaction level data of an extended time period, simulating the operation of the payment system. We analysed the two main theoretical models of instant payments: instant...
Persistent link: https://www.econbiz.de/10011574261
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A brief history of cross-border payments
O'Mahony, David - In: Journal of payments strategy & systems 16 (2022) 3, pp. 304-317
Persistent link: https://www.econbiz.de/10014267073