Systemic Risk and Liquidity in Payment Systems
نویسندگان
چکیده
منابع مشابه
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Payment systems are one of the key Financial Market Infrastructures (FMIs) and have showed remarkable progress over the past two decades. The first half of this chapter focuses on the evolutionary process of payment systems, starting with the Deferred Net Settlement (DNS) system and progressing to the RealTime Gross Settlement (RTGS) system. Subsequently, much more sophisticated payment systems...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1297363