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Wholesale payments and settlement systems in G-10 countries have undergone significant change in recent years. Notably, central banks have sought to increase the safety and reliability of these systems. In this article, William R. Emmons describes two approaches that have been pursued....
Persistent link: https://www.econbiz.de/10005519837
We explore the network topology of the interbank payments transferred between commercial banks over the Fedwire Funds …
Persistent link: https://www.econbiz.de/10005420609
The Federal Reserve's Fedwire funds transfer service - the biggest large-value payments system in the United States …-afternoon Fedwire activity reflects coordination among participating banks to reduce liquidity costs, delay costs, and credit risk; as … changing environment in which Fedwire operates has affected the timing of payment value transferred within the system between …
Persistent link: https://www.econbiz.de/10005372931
's Fedwire payments system. As a result, many banks received fewer payments than expected, causing unexpected shortfalls in banks …
Persistent link: https://www.econbiz.de/10005499000
Credit extensions to banks using the Fedwire Funds Service-the Federal Reserve's real-time gross settlement (RTGS … methods of settling Fedwire payments in reducing intraday credit extensions. The authors simulate three deferred settlement …
Persistent link: https://www.econbiz.de/10005712969
An examination of the Federal Reserve’s Fedwire Funds Transfer service reveals that the highest concentration of funds …
Persistent link: https://www.econbiz.de/10005713005
This paper attempts to quantify the benefits associated with operating a liquidity-saving mechanism (LSM) in Fedwire …
Persistent link: https://www.econbiz.de/10008498297
Persistent link: https://www.econbiz.de/10005514940
. Using Fedwire data to calibrate our model, we describe the equilibrium that would arise with an LSM and compare welfare with …
Persistent link: https://www.econbiz.de/10005420569
Persistent link: https://www.econbiz.de/10005389802