Payment Systems in the Financial Markets
Published on 12. June 1998
XVIII, 152 pages
978-1-349-26374-5 (ISBN)
Description
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.
Reviews / Votes
'Elegantly analyses the key questions of cost, efficiency and risk. Mandatory reading for anyone with responsibilities in an RTGS system.' - Alfred Steinherr
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Other editions
Additional editions
Marco Rossi
Payment Systems in the Financial Markets
Book
04/1998
Palgrave Macmillan
€133.74
Shipment within 15-20 days
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
