Wholesale Payment Systems
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Wholesale Payment Systems
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Author : David Cronin
language : en
Publisher:
Release Date : 1995
Wholesale Payment Systems written by David Cronin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Clearinghouses (Banking) categories.
The Reform Of Wholesale Payment Systems And Its Impact Of Financial Markets
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Author : David F. I. Folkerts-Landau
language : en
Publisher:
Release Date : 1990
The Reform Of Wholesale Payment Systems And Its Impact Of Financial Markets written by David F. I. Folkerts-Landau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with categories.
The Reform Of Wholesale Payment Systems And Its Impact On Financial Markets
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Author : David Fokke Ihno Folkerts-Landau
language : en
Publisher:
Release Date : 1996
The Reform Of Wholesale Payment Systems And Its Impact On Financial Markets written by David Fokke Ihno Folkerts-Landau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
The explosive growth in the volume of transactions in highly liquid national and international money, derivative, and capital markets during the last ten years -- the so-called commoditization of finance -- has produced a corresponding increase in flows of gross domestic and international payments. These flows are facilitated by an interlocking network of national and international wholesale payment systems that are at the core of the world's major financial systems. It is widely recognized that a disturbance in one of these payment systems -- an operational mishap, the failure of a major counterparty, a liquidity problem in one of the money markets -- could have serious consequences for global trade and finance. Sections II and II of this paper review the nature and the objectives of ongoing and planned payment system reforms in the United States, and major European Union countries. Section IV discusses the impact of these reforms on the financial system, with particular emphasis on the implication for the availability and cost of intraday liquidity in financial markets. Section V examines the impact of the ongoing shift toward real-time, gross settlement payment systems -- the preferrred type of system for wholesale payments -- on liquidity, the relationship among yields of securities of varying liquidity, bid-ask spreads, and payments conventions in securities markets. The concluding section identifies some unresolved issues.
The Reform Of Wholesale Payment Systems And Its Impact On Financial Markets
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Author : David Folkerts-Landau
language : en
Publisher:
Release Date : 2006
The Reform Of Wholesale Payment Systems And Its Impact On Financial Markets written by David Folkerts-Landau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This paper reviews the ongoing efforts to reduce the risks inherent in the world`s principal wholesale payment systems. The paper assesses the major policy proposals to contain the growth in intraday credit exposures that arises in net settlement wholesale payment systems and in the real-time gross systems in which the central bank provides daylight overdrafts. It also discusses the benefits of these risk-management policies, and we assess the adverse impact of applying interest charges for intraday central-bank credit or of collateralizing such credit on liquidity in financial markets.
The Reform Of Wholesale Payment Systems And Its Impact On Financial Markets
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Author : David Folkerts-Landau
language : en
Publisher:
Release Date : 1996
The Reform Of Wholesale Payment Systems And Its Impact On Financial Markets written by David Folkerts-Landau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
This paper reviews the ongoing efforts to reduce the risks inherent in the world’s principal wholesale payment systems. The paper assesses the major policy proposals to contain the growth in intraday credit exposures that arises in net settlement wholesale payment systems and in the real-time gross systems in which the central bank provides daylight overdrafts. It also discusses the benefits of these risk-management policies, and we assess the adverse impact of applying interest charges for intraday central-bank credit or of collateralizing such credit on liquidity in financial markets.
Payment Systems Of The World
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Author : Robert C. Effros
language : en
Publisher:
Release Date : 1994
Payment Systems Of The World written by Robert C. Effros and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Payment Systems In Australia
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Author : Reserve Bank of Australia
language : en
Publisher:
Release Date : 1999
Payment Systems In Australia written by Reserve Bank of Australia and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Banks and banking categories.
Bulletin
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Author :
language : en
Publisher:
Release Date : 1996
Bulletin written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Finance categories.
Wholesale Payments And Financial Discipline Efficiency And Liquidity
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Author : Mr.D. F. I. Folkerts-Landau
language : en
Publisher: International Monetary Fund
Release Date : 1997-11-01
Wholesale Payments And Financial Discipline Efficiency And Liquidity written by Mr.D. F. I. Folkerts-Landau and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-11-01 with Business & Economics categories.
Properly designed wholesale payments system can make a significant contribution to enhancing market discipline in the financial sector, reducing the risk of systemic disturbance and permitting a less extensive safety net for financial institutions. The objective of these reforms has been to achieve a reduction of the credit risk associated with the growth in intraday credit exposures that arises in net settlement systems and in real-time gross systems when the central bank provides daylight overdrafts. Intraday payments-related credit in net settlement systems has been reduced by restructuring payment systems into real-time gross settlement systems with collateralized overdrafts, while in the existing real-time gross settlement systems, the risk-abatement program currently in effect has taken the form of caps and charges on uncollateralized daylight credit.
Payment Systems In Ec Member States
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Author : Committee of Governors of the central banks of the Member States of the European Economic Community. Working Group on EC Payment systems
language : en
Publisher:
Release Date : 1992
Payment Systems In Ec Member States written by Committee of Governors of the central banks of the Member States of the European Economic Community. Working Group on EC Payment systems and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Banks and banking categories.