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Measuring the impact of a failing participant in payment systems

Heijmans, Ronald; Wendt, Froukelien - In: Latin American journal of central banking : LAJCB 4 (2023) 4, pp. 1-16

Large banks and critical financial market infrastructures (FMIs) that are not able to fulfill their payment obligations, for example following a bankruptcy or cyber-attack, can be a source of financial instability and contagion in the financial system. This paper develops a composite risk...

Persistent link: https://www.econbiz.de/10014496898

Comparison between internal and electronic clearing systems for checks : a case study pertaining to the Iraqi banking industry

Huby, Maysaa saad Jawad; Ibrahim, Lamyaa Ali; Abbas, … - In: Financial internet quarterly 20 (2024) 3, pp. 70-90

Payment clearing is important to ensure that the payment is transferred or the cash from one bank account moves to the … other bank. The banking system in Iraq follows two sorts of clearance systems which are the IBCS (Inter Bank Clearing System …) and C-ACH (Check Automated Clearing House System). Though the Central Bank of Iraq (CBI) has already modernized the …

Persistent link: https://www.econbiz.de/10015077035

Do large TARGET2 balances bear risks for the euro area?

Horst, Maximilian Julius; Neyer, Ulrike - In: Credit and capital markets : Kredit und Kapital 55 (2022) 1, pp. 3-34

Large increases in TARGET2 balances in the euro area since 2008 have led to concern and debate about the appropriate interpretation and policy reaction - in particular in TARGET2 creditor countries such as Germany. Against this background, we examine the main drivers of the increases and...

Persistent link: https://www.econbiz.de/10014518497

Tiered access in RTGS systems : a DLT-based approach

Cárdenas, Miguel; Madeira, Carlos; Morales, Raúl; … - In: Latin American journal of central banking : LAJCB 5 (2024) 1, pp. 1-16

Distributed ledger technologies (DLT) are increasingly considered to enhance payment systems' and market infrastructures' functionalities like their accessibility and interoperability. We explore DLT architecture options to enable a new tiered access in the RTGS system of Chile for new payment...

Persistent link: https://www.econbiz.de/10015055046

Prospects and limitations in the modernization of securities settlement operations in Ukraine

Shyshkov, Stanislav - In: Economy and forecasting : scientific journal (2021) 1, pp. 69-101

Persistent link: https://www.econbiz.de/10013163316

A computational model of bilateral credit limits in payment systems and other financial market infrastructures

Bewaji, Oluwasegun - In: Latin American journal of central banking : LAJCB 5 (2024) 1, pp. 1-19

decision making in financial market infrastructures such as payments clearing and settlement systems can be assessed from a … other financial market and credit data, can be used to assess emergent macroscopic outcomes in clearing and settlement …

Persistent link: https://www.econbiz.de/10015055036

Detecting anomalous payments networks : a dimensionality-reduction approach

León, Carlos - In: Latin American journal of central banking : LAJCB 1 (2020) 1/4, pp. 1-16

Anomaly-detection methods are aimed at identifying observations that deviate manifestly from what is expected. Such methods are usually run on low-dimensional data, such as time series data. However, the increasing importance of high-dimensional payments and exposure data for financial oversight...

Persistent link: https://www.econbiz.de/10012545517

Peer M´monitoring vs. search costs in the interbank market : evidence from payment flow data in Norway

Findreng, Jon - 2021

Bilateral payment flows between banks may provide private information about a borrowing bank's liquidity position. This paper analyses whether private information on the bilateral payment flow of central bank reserves foster peer monitoring or whether the information is used to reduce search...

Persistent link: https://www.econbiz.de/10012544439

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 …

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

Cashless payment system and Covid-19 on the example of the Czech Republic

Schlossberger, Otakar; Soldanová, Marcela - In: Financial internet quarterly 18 (2022) 1, pp. 31-43

The paper deals with cashless payments during the pandemic situation caused by Covid-19. The aim of the paper will be to use the method of analysis and comparison of selected data to answer the following research question: Has the pandemic caused by Covid-19 contributed to increasing the share...

Persistent link: https://www.econbiz.de/10013252623