Add to ORKGThe paper starts with a brief overview of the payment system and the roles central banks have traditionally played as payment intermediaries. In particular, it discusses interbank settlement and the role of bank money as a settlement asset. The paper shows that the concept of settlement finality, which has both legal and risk management dimensions, is a key attribute of any form of payment and is not a unique attribute of payments made through a central bank
This paper analyzes the distinction between payment instruments and collateral in the interbank paym...
Central bank money refers to the liability of the balance sheets of central banks — namely, mon...
payments system refers to the set of arrangements for discharging obligations of economic agents whe...
The paper starts with a brief overview of the payment system and the roles central banks have trad...
Modern central banks have come to view payment systems as a key area of strategic interest, both as ...
A letter report issued by the General Accounting Office with an abstract that begins "The central ba...
This paper analyses the role of the central bank in the modern world, focusing in particular on its...
AbstractA payment system is no more than an organized arrangement for transferring value between its...
This paper addresses the first meaning of settlement finality, that is, the discharge of the interba...
Payment finality, that is, ‘the discharge of an obligation by a transfer of funds and a transfer of ...
In recent years regulators have been increasingly focusing their attention on payment, clearing and ...
The significance of the payment operations manifests itself through its important role in every mark...
Recent developments in private payments arrangements, particularly at the wholesale level, challenge...
Central bank settlement systems are vital for payment intermediation and have an important role in m...
The smooth functioning of payment systems is relevant for both the efficiency of the financial secto...
This paper analyzes the distinction between payment instruments and collateral in the interbank paym...
Central bank money refers to the liability of the balance sheets of central banks — namely, mon...
payments system refers to the set of arrangements for discharging obligations of economic agents whe...
The paper starts with a brief overview of the payment system and the roles central banks have trad...
Modern central banks have come to view payment systems as a key area of strategic interest, both as ...
A letter report issued by the General Accounting Office with an abstract that begins "The central ba...
This paper analyses the role of the central bank in the modern world, focusing in particular on its...
AbstractA payment system is no more than an organized arrangement for transferring value between its...
This paper addresses the first meaning of settlement finality, that is, the discharge of the interba...
Payment finality, that is, ‘the discharge of an obligation by a transfer of funds and a transfer of ...
In recent years regulators have been increasingly focusing their attention on payment, clearing and ...
The significance of the payment operations manifests itself through its important role in every mark...
Recent developments in private payments arrangements, particularly at the wholesale level, challenge...
Central bank settlement systems are vital for payment intermediation and have an important role in m...
The smooth functioning of payment systems is relevant for both the efficiency of the financial secto...
This paper analyzes the distinction between payment instruments and collateral in the interbank paym...
Central bank money refers to the liability of the balance sheets of central banks — namely, mon...
payments system refers to the set of arrangements for discharging obligations of economic agents whe...