ACTUELLEMENT ÉPUISÉ

Payment Systems in the Financial Markets : Real-Time Gross Settlement Systems and the Provision of Intraday Liquidity by Marco Rossi (1998, Hardcover)

The payment system is one of the mechanisms essential to the working of an exchange economy. Over the last decade, central banks have been determined to improve their payment systems to harmonise and reduce risk, and in Europe to anticipate their future interconnection in the TARGET system. This book provides the analytic framework for an informed policy debate on the implications for monetary policy.

Book Title
Payment Systems in the Financial Markets : Real-Time Gross Settlement Systems and the Provision of Intraday Liquidity
Author
Marco Rossi
Format
Hardcover
Language
English
Topic
Industries / Retailing, Banks & Banking, Accounting / General, Economics / General, Money & Monetary Policy
Publication Year
1998
Illustrator
Yes
Genre
Business & Economics
Number of Pages
176 Pages

Lc Classification Number
Hg1692.R67 1998
Reviews
'Elegantly analyses the key questions of cost, efficiency and risk. Mandatory reading for anyone with responsibilities in an RTGS system.' - Alfred Steinherr
Table of Content
Foreword; A.Steinherr - Preface - Introduction - PART 1: THE ANALYTICS OF RTGS SYSTEMS - The Analytics of a Real-Time Gross-Settlement System - Extensions to the Basic Framework - PART 2: THE PROVISION OF INTRADAY LIQUIDITY IN RTGS SYSTEMS - Priced Unsecured Intraday Overdraft Facilities - The Cost of Secured Intraday Overdraft Facilities - PART 3: MONETARY POLICY IMPLICATIONS OF RTGS SYSTEMS - Monetary Policy Implications of an Intraday Liquidity Market - Summary and Final Considerations - References - Index
Copyright Date
1998
Target Audience
Trade
Lccn
97-010606
Dewey Decimal
332
Dewey Edition
21

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