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This paper presents a monetary-theoretic model to study the implications of networks' collection of personal identifying data and data security on each other's incidence and costs of identity theft. To facilitate trade, agents join clubs (networks) that compile and secure data. Too much data...
Persistent link: https://www.econbiz.de/10010292313
feature of such a system. -- No surcharge ; credit cards ; payments ; money ; search …
Persistent link: https://www.econbiz.de/10003730553
-value payments system. The objective of the agents is to learn a policy function for the choice of amount of liquidity provided to … reinforcement learning do learn the optimal policy that minimizes the cost of processing their individual payments. We also show …
Persistent link: https://www.econbiz.de/10013247135
-value payments system. The objective of the agents is to learn a policy function for the choice of amount of liquidity provided to … reinforcement learning do learn the optimal policy that minimizes the cost of processing their individual payments. We also show …
Persistent link: https://www.econbiz.de/10012423677
substantial volume of payments settled each day and the scarcity of actual anomalous transactions in HVPS, detecting anomalies … supervised ML algorithm is used to identify and separate "typical" payments from "unusual" payments. In the second layer, only … the unusual payments are run through an unsupervised ML algorithm for anomaly detection. We test this framework using …
Persistent link: https://www.econbiz.de/10014560400
settled on a gross basis. Finding the right order in which payments should be processed to maximize the liquidity efficiency … meaningful scales. We develop an algorithm and run it on a hybrid quantum annealing solver to find an ordering of payments that … the Canadian HVPS using a 30-day sample of transaction data. By reordering each batch of 70 payments as they enter the …
Persistent link: https://www.econbiz.de/10013482508
The goal of this paper is to study how informational frictions affect asset liquidity in OTC markets in a laboratory setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995; Trejos and Wright, 1995; Duffie, Garleanu, and Pedersen, 2005):...
Persistent link: https://www.econbiz.de/10010316877
The goal of this paper is to study how informational frictions affect asset liquidity in OTC markets in a laboratory setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995; Trejos and Wright, 1995; Duffie, Garleanu, and Pedersen, 2005):...
Persistent link: https://www.econbiz.de/10009763984
results suggest that technological advances will not eliminate this tradeoff. Section 2 of the paper makes use of the search … arrangements will generally dominate. Section 3 considers two offshoots of the basic model. In the first variation, money is … introduced as a sort of card that is not tied to anyone’s identity. Under suitable conditions, the simultaneous use of money …
Persistent link: https://www.econbiz.de/10005051275
The goal of this paper is to study how informational frictions affect asset liquidity in OTC markets in a laboratory setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995; Trejos and Wright, 1995; Duffie, Garleanu, and Pedersen, 2005):...
Persistent link: https://www.econbiz.de/10010817295