Financial System Review, December 2002
نویسندگان
چکیده
1. Systemic risk in this context is often defined as the risk that the failure of one participant in a financial system to meet its required obligations will cause other financial institutions to be unable to meet their obligations when due. 2. For more information on the topics discussed here, see Miller and Northcott (2002). T participant in the Japanese large-value payments system, BOJ-NET. Bank B is based in Canada and is a participant in the Canadian large-value payments system, the LVTS. Bank A and Bank B enter into a foreign exchange transaction when Bank A sells yen to Bank B for Canadian dollars. How is this transaction settled?
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