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Payment Systems in the Financial Markets Marco Rossi

Payment Systems in the Financial Markets By Marco Rossi

Payment Systems in the Financial Markets by Marco Rossi


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Summary

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.

Payment Systems in the Financial Markets Summary

Payment Systems in the Financial Markets by Marco Rossi

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.

Payment Systems in the Financial Markets Reviews

'Elegantly analyses the key questions of cost, efficiency and risk. Mandatory reading for anyone with responsibilities in an RTGS system.' - Alfred Steinherr

Table of Contents

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

Additional information

NPB9780333695777
9780333695777
0333695771
Payment Systems in the Financial Markets by Marco Rossi
New
Hardback
Palgrave Macmillan
1998-04-08
152
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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