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This paper discusses key findings of the Detailed Assessment of Observance of the National Securities Clearing Corporation’s (NSCC) Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commissions (CPSS–IOSCO) Recommendations for...
Persistent link: https://www.econbiz.de/10011243352
Even though the Russian authorities have maintained financial stability at the time of a major global shock, the financial system is still weak. The crisis has set back progress toward a strong, competitive banking system for the future. The recent unification of the supervision of nonbank...
Persistent link: https://www.econbiz.de/10011243565
This report discusses the IMF/World Bank Financial Sector Assessment Program (FSAP) exercise for China undertaken during June–December 2010. The assessment concluded that reforms in China have progressed well in moving toward a more commercially oriented financial system. Despite success...
Persistent link: https://www.econbiz.de/10011243609
This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in...
Persistent link: https://www.econbiz.de/10011243671
This is the English version of the annotaded presentation given at XI Encuentro Latinoamericano de Usuarios SWIFT (SWIFT users conference), ELUS 2006, “Creciendo en Competitividad”, Santiago de Chile, 3-5 July 2006. Given the importance of financial intermediation for the economy and the...
Persistent link: https://www.econbiz.de/10011258045
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
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
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
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
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