Paulick, Jan; Berndsen, Ron; Diehl, Martin; Heijmans, Ronald - In: Empirica 51 (2023) 2, pp. 425-458
We study the impact of tiered payments originating from client banks on the liquidity consumption (relative intraday … liquidity use) of settlement banks. Estimates of a panel data model, employing wholesale payments in euro, show that a higher … share of tiered payments reduces liquidity consumption by settlement banks. Metrics on timing, delay, and payment priorities …
