The Economics of Large-value Payments and Settlement

The Economics of Large-value Payments and Settlement PDF Author: Mark Manning
Publisher: OUP Oxford
ISBN: 0191610119
Category : Business & Economics
Languages : en
Pages : 256

Get Book Here

Book Description
Central banks have over the past few years devoted considerable resource to the study of the economics of payments. In parallel, this field has begun to establish itself as a new subject for scholarly research, drawing in academic students and researchers. To date, however, there has been little attempt to draw together the key insights gained from this growing body of research. This volume seeks to offer just such a synthesis. It charts the frontier of our knowledge to date and puts it in the context of a comprehensive overview of the policy issues faced by central banks in this sphere. In particular, it explores central banks' roles in payment systems; the risks on which central banks focus in their oversight activities; and the challenges central banks face as the payments and settlement landscape evolves. The economics of payments is a multi-disciplinary field, taking in branches of economics such as monetary theory, search theory, game theory and industrial organisation. It also draws on techniques from network theory and makes extensive use of simulation studies to model complex interactions between payment system members. For each of the topics covered, this volume highlights some of the most influential works in the literature. The volume also draws heavily on empirical insights, in particular offering an historical context to central banks' involvement in payment systems.

The Future of Payment Systems

The Future of Payment Systems PDF Author: Stephen Millard
Publisher: Routledge
ISBN: 1134071299
Category : Business & Economics
Languages : en
Pages : 347

Get Book Here

Book Description
Drawing on wide-ranging contributions from prominent international experts and discussing some of the most pressing issues facing policy makers and practitioners in the field of payment systems today, this volume provides cutting-edge perspectives on the current issues surrounding payment systems and their future.It covers a range of continually im

The Economics of Large-value Payments and Settlement

The Economics of Large-value Payments and Settlement PDF Author: Mark Manning
Publisher: OUP Oxford
ISBN: 0191610119
Category : Business & Economics
Languages : en
Pages : 256

Get Book Here

Book Description
Central banks have over the past few years devoted considerable resource to the study of the economics of payments. In parallel, this field has begun to establish itself as a new subject for scholarly research, drawing in academic students and researchers. To date, however, there has been little attempt to draw together the key insights gained from this growing body of research. This volume seeks to offer just such a synthesis. It charts the frontier of our knowledge to date and puts it in the context of a comprehensive overview of the policy issues faced by central banks in this sphere. In particular, it explores central banks' roles in payment systems; the risks on which central banks focus in their oversight activities; and the challenges central banks face as the payments and settlement landscape evolves. The economics of payments is a multi-disciplinary field, taking in branches of economics such as monetary theory, search theory, game theory and industrial organisation. It also draws on techniques from network theory and makes extensive use of simulation studies to model complex interactions between payment system members. For each of the topics covered, this volume highlights some of the most influential works in the literature. The volume also draws heavily on empirical insights, in particular offering an historical context to central banks' involvement in payment systems.

The Payment System

The Payment System PDF Author: Mr.Bruce J. Summers
Publisher: International Monetary Fund
ISBN: 9781557753861
Category : Business & Economics
Languages : en
Pages : 232

Get Book Here

Book Description
This book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy. The authors of the twelve papers included in the book are central banking experts from around the world who draw on their experiences in providing technical assistance to the central banks of the countries of the former U.S.S.R.

Payment Systems

Payment Systems PDF Author: David B. Humphrey
Publisher: World Bank Publications
ISBN: 9780821331118
Category : Business & Economics
Languages : en
Pages : 114

Get Book Here

Book Description
World Bank Technical Paper No. 260. An efficient payment system is a necessary precondition for business development. This study outlines the basic operating principles of a payment system and reviews its benefits, costs, risks, and problems. It examines in detail the systems currently in place in the developed economies of Europe and the United States and draws from the analyses to support recommendations for restructuring those systems in developing countries. The study reviews the various types of payment practices that exist in mature systems including cash, check, GIRO, debit and credit card, direct debit, and large-value wire transfers. A range of short- and long-term improvements in payment systems are recommended for developing countries. There is a special focus on the Russian payment system and the problems it faces in transition from a centrally planned to an market economy.

The Payment System

The Payment System PDF Author: Tom Kokkola
Publisher:
ISBN: 9789289906333
Category : Banks and banking, Central
Languages : en
Pages : 369

Get Book Here

Book Description
"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).

Payment Systems, Monetary Policy and the Role of the Central Bank

Payment Systems, Monetary Policy and the Role of the Central Bank PDF Author: Mr.Richard K. Abrams
Publisher: International Monetary Fund
ISBN: 9781557756268
Category : Business & Economics
Languages : en
Pages : 276

Get Book Here

Book Description
A payment system encompasses a set of instruments and means generally acceptable in making payments; the institutional and organizational framework governing such payments, including prudential regulation; and the operating procedures and communications network used to initiate and transmit payment information from payer to payee and to settle payments. This book, by Omotunde E.G. Johnson, with Richard K. Abrams, Jean-Marc Destresse, Tony Lybek, Nicholas Roberts, and Mark Swinburne, identifies main policy and strategic issues in payment system reform, describes the structure of payment systems in selected countries, highlights areas of consensus, and suggests the direction for future policy analysis.

The Nature and Management of Payment System Risks

The Nature and Management of Payment System Risks PDF Author: C. E. V. Borio
Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 90

Get Book Here

Book Description


New Developments in Large-value Payment Systems

New Developments in Large-value Payment Systems PDF Author:
Publisher:
ISBN: 9789291976836
Category : Bank liquidity
Languages : en
Pages : 84

Get Book Here

Book Description


Central Bank Intervention in Large Value Payment Systems

Central Bank Intervention in Large Value Payment Systems PDF Author: Peter Heemeijer
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Get Book Here

Book Description


Regulating Access to International Large-value Payment Systems

Regulating Access to International Large-value Payment Systems PDF Author: Cornelia Holthausen
Publisher:
ISBN:
Category :
Languages : en
Pages : 50

Get Book Here

Book Description