Mythical Mechanisms (3): Saving Mathematics
نویسندگان
چکیده
منابع مشابه
Liquidity-Saving Mechanisms
We study the incentives of participants in a real-time gross settlement system with and without the addition of a liquidity-saving mechanism (queue). Participants in our model face a liquidity shock and different costs for delaying payments. They trade off the cost of delaying a payment against the cost of borrowing liquidity from the central bank. The heterogeneity of participants in our model...
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ژورنال
عنوان ژورنال: Perception
سال: 1998
ISSN: 0301-0066,1468-4233
DOI: 10.1068/p270377