Heijmans, Ronald; Wendt, Froukelien - In: Latin American journal of central banking : LAJCB 4 (2023) 4, pp. 1-16
payment system network, combining liquidity risk (i.e. size of incoming and outgoing payments) and systemic impact or … interconnections between network participants in one approach. It is applied, as a proof of concept, to the TARGET2 payment system that … and central securities depositories are less critical to the payment system. Our findings can be used by (1) financial …