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Persistent link: https://www.econbiz.de/10012873257
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
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
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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Monetary theorists have advanced an intriguing notion: we exchange money to make up for a lack of enforcement, when it is difficult to monitor and sanction opportunistic behaviors. We demonstrate that, in fact, monetary equilibrium cannot generally be sustained when monitoring and punishment...
Persistent link: https://www.econbiz.de/10010226612
We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries: Australia, Austria, Canada, France, Germany, the Netherlands, and the United States (conducted 2009 through 2012). Our paper finds important cross-country differences, for example, the level of cash...
Persistent link: https://www.econbiz.de/10010384150
We measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany, and the Netherlands), and 2012 (the United States). Our paper finds cross-country differences -...
Persistent link: https://www.econbiz.de/10010384798