Regulating Access to International Large-Value Payment Systems
نویسندگان
چکیده
منابع مشابه
Designing large value payment systems: An agent-based approach
The purpose of this paper is to show how agent-based simulations of payment systems can be used to aid central bankers and payment system operators in thinking about the appropriate design of payment settlement systems to minimise risk and increase their efficiency. Banks, which we model as the ‘agents’, are capable of a degree of autonomy with which to respond to payment system rules and adopt...
متن کاملNew developments in large-value payment systems - May 2005
iii Foreword Large-value payment systems (LVPS) play a key role in the financial infrastructure, by discharging payment obligations between banks. The 1990s experienced a major transformation in the design of these systems: from deferred net settlement (DNS) systems, which settled only at the end of the day, to real-time gross settlement (RTGS) systems, which settle on a continuous basis. This ...
متن کاملApproaches to Regulating Interchange Fees in Payment Systems
Significant attention worldwide has been paid to the regulation of credit card interchange fees. In part, this attention has followed concerns expressed about the level of these fees in Europe, the U.S. and Australia. The Reserve Bank of Australia recently conducted an extensive inquiry into the interchange fees associated with credit cards and has moved to regulate those fees. At the same time...
متن کاملNumber 64 Regulating Large International Firms
This paper explores the existing arrangements for multilateral regulation of large firms, and makes the case for balancing strengthened global corporate property rights with more explicit and enforceable social obligations. In a democratic market-based society, investors have legally enforceable rights but must also obey laws designed to protect labour, consumers and the environment, while comp...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2002
ISSN: 0893-9454,1465-7368
DOI: 10.1093/rfs/15.5.1561