This paper uses reinforcement learning (RL) to approximate the policy rules of banks participating in a high-value payments system (HVPS). The objective of the RL agents is to learn a policy function for the choice of amount of liquidity provided to the system at the beginning of the day....

This paper uses reinforcement learning (RL) to approximate the policy rules of banks participating in a high-value payments system. The objective of the agents is to learn a policy function for the choice of amount of liquidity provided to the system at the beginning of the day. Individual...