Narrow search
Showing 1 - 10 of 98
Cover Image
Re-engineering payment systems for the E-world
Leinonen, Harry - 2000
Payment systems are undergoing rapid changes stimulated largely by technological progress.Distributed network technology, real-time processing and customers' willingness to use electronic banking interfaces will further reshape payment systems during the coming years.Internet and e-commerce will...
Persistent link: https://www.econbiz.de/10012147802
Cover Image
Settlement in modern network-based payment infrastructures: Description and prototype of the E-Settlement model
Leinonen, Harry; Lumiala, Veli-Matti; Sarlin, Riku - 2002
benefits for correspondent banking, ACH and RTGS processing environments. In order to assess this novel idea the Bank of …
Persistent link: https://www.econbiz.de/10012147858
Cover Image
The intraday liquidity management game
Bech, Morten L.; Garratt, Rod - 2002
We use a game theoretical framework to analyze the intraday behavior of banks with respect to settlement of interbank claims in a real time gross settlement setting. We find that the game played by banks depends upon the intraday credit policy of the central bank and that it encompasses two...
Persistent link: https://www.econbiz.de/10010321188
Cover Image
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/10013179408
Cover Image
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/10012610023
Cover Image
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/10011784443
Cover Image
Risiko i det norske betalingssystemet
Bakke, Bjørn; Enge, Asbjørn - 2003
Risikoen i betalingssystemet er i stor grad knyttet til bankenes eksponeringer mot hverandre i betalingsoppgjørene. Blir disse eksponeringene for store, kan bankene bli ute av stand til å innfri sine forpliktelser om ikke oppgjørene blir gjennomført som normalt. I et slikt tilfelle vil...
Persistent link: https://www.econbiz.de/10012143605
Cover Image
Identification of Interbank Loans and Interest Rates from Interbank Payments - a Reliability Assessment
Akram, Q. Farooq; Fevolden, Mats Bay; Smith, Lyndsie - 2018
We investigate the reliability of the 'Furfine filter' often used to identify interbank loans and interest rates from interbank payments settled at central banks. To this end, we have been granted access to records of all unsecured overnight interbank loans during a month from the banks that...
Persistent link: https://www.econbiz.de/10012143933
Cover Image
Maksuliikkeen katteensiirtojärjestelmät: Likviditeettitarpeet, vastapuoliriskit ja vakuuskäytännöt
Leinonen, Harry - 1998
nykykehityksen valossa. Yleinen olettamus on, että bruttoperusteiset RTGS-järjestelmät vaativat enemmän likviditeettiä kuin …
Persistent link: https://www.econbiz.de/10012147741
Cover Image
Interbank funds transfer systems: Liquidity needs, counterparty risks and collateral
Leinonen, Harry - 1998
the light of present trends. It is generally presumed that RTGS systems operating on a gross basis require more liquidity …
Persistent link: https://www.econbiz.de/10012147747