Intraday Liquidity Management: A Tale of Games Banks Play

[...]This article develops a stylized game-theoretical model toanalyze banks’ intraday liquidity management behavior in anRTGS environment. It analyzes the strategic incentives under Envision an economy with two identical banks using an RTGSsystem operated by the central bank to settle interbank claims.Bank A and Bank B seek to minimize the cost of making theirpayments. We look at one business day that consists of twoperiods: morning and afternoon.[...]

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Year of publication:	2008-09-01
Authors:	Bech, Morten L.
Institutions:	Federal Reserve Bank <New York, NY> ; London School of Economics and Political Science
Published in:	London School of Economics and Political Science - Publications FRBNY Economic Policy Review / September 2008, pp 7-23
Subject:	Kreditmarkt \| Finanzinnovation \| Spieltheorie \| game theory \| Bruttoinlandsprodukt \| SWIFT-System \| payments systems

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Extent:	350208 bytes 17 p. application/pdf
Type of publication:	Article
Language:	English
Classification:	Financial theory ; Empirical research. of corporate finance and investment policy ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005869401