the central banks, or their equivalent, in six of the main East Asian developing economies. Some of these economies have … issued by the national government--not the central bank--be developed for the central bank's use in its monetary policy …

Over the last few decades, most central banks, concerned about settlement risks inherent in payment netting systems …, they require greater liquidity to smooth nonsynchronized payment flows. Thus, central banks typically provide intraday … intraday liquidity is managed has become a competitive parameter in commercial banking and a policy concern of central banks …

some prespecified event occurs. LSMs can reduce the amount of central bank balances necessary to operate a payments system …

This article summarizes a conference, titled “Issues Related to Central Counterparty Clearing,” cosponsored by the … Federal Reserve Bank of Chicago and the European Central Bank on April 3–4, 2006. The conference brought together industry … executives, policymakers, and research economists to evaluate current public policy issues involving central counterparties. …

, the crisis ended following a rather modest interest rate cut by the Federal Reserve. Why did the central bank's action …