Search Results - subject:"Payment System"

Five fundamental questions on central counterparties

Berndsen, Ron - 2020

Persistent link: https://www.econbiz.de/10012298338

What are the financial systemic implications of access and non-access to Federal Reserve deposit accounts for central counterparties?

Sklar, Maggie - 2020

In this working paper, I examine the interconnections between designated derivatives central counterparties (CCPs) with Federal Reserve deposit accounts and non-designated CCPs and the potential financial stability implications. This working paper notes the interconnections between the...

Persistent link: https://www.econbiz.de/10012300962

Survival analysis of bank note circulation : fitness, network structure and machine learning

Rojas, Diego; Estrada, Juan; Huynh, Kim P.; … - 2020 - Last updated: August 18, 2020

The efficient distribution of bank notes is a first-order responsibility of central banks. We study the distribution patterns of bank notes with an administrative dataset from the Bank of Canada's Currency Information Management Strategy. The single note inspection procedure generates a sample...

Persistent link: https://www.econbiz.de/10012262731

Understanding the German criticism of the target system and the role of central bank capital

Perotti, Roberto - 2020

Persistent link: https://www.econbiz.de/10012266174

Distributed ledger technology for securities clearing and settlement : benefits, risks, and regulatory implications

Priem, Randy - In: Financial innovation : FIN 6 (2020) 11, pp. 1-25

This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement of exchange-traded and OTC securities, followed by a description of the technology’s potential role for central counterparties and central securities depositories. Although...

Persistent link: https://www.econbiz.de/10012268588

Liquidity usage and payment delay estimates of the new Canadian high value payments system

Rivadeneyra, Francisco; Zhang, Nellie - 2020

This paper presents simulation results for Canada's new large-value payments system: Lynx. We simulate the settlement process of Lynx using a large sample of payments observed in the current system (LVTS), taking the initial level of liquidity as given. We calculate the resulting liquidity...

Persistent link: https://www.econbiz.de/10012285193

Central clearing and systemic liquidity risk

King, Thomas B.; Nesmith, Travis D.; Paulson, Anna Louise; … - 2020

Persistent link: https://www.econbiz.de/10012388264

Safe payments

Chiu, Jonathan; Davoodalhosseini, Seyed Mohammadreza; … - 2020 - Last updated: December 10, 2020

ante and ex post monitoring. Safe payment instruments issued by a narrow bank can also be used as a back-up payment system …

Persistent link: https://www.econbiz.de/10012388751

Contagion in dealer networks

Fontaine, Jean-Sébastien; Walton, Adrian - 2020 - Last updated: January 9, 2020

Dealer networks provide essential intermediation services in over-the-counter markets. We document the response of dealer networks to the arrival of new public information. We find that after public news releases, dealer networks become more complex and channel larger flows of securities between...

Persistent link: https://www.econbiz.de/10012150064

Measuring the impact of a failing participant in payment systems

Heijmans, Ronald; Wendt, Froukelien - 2020

in a large value payment system network, combining liquidity risk and interconnections in one approach, and applying this … to the TARGET2 payment system. Findings suggest that the most critical participants in TARGET2 are other payment systems … findings can be used in financial stability analysis, and feed into central bank policies on payment system access, oversight …

Persistent link: https://www.econbiz.de/10012251903