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Author Folkerts-Landau, D. F. I. (David Fokke Ihno), 1949-

Title The reform of wholesale payment systems and its impact on financial markets / prepared by David Folkerts-Landau, Peter Garber, and Dirk Schoenmaker
Published [Washington, D.C.] : International Monetary Fund, Research Dept., [1996]
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Description 1 online resource (iii, 48 pages)
Series IMF working paper ; WP/96/37
IMF working paper ; WP/96/37
Summary Annotation This paper reviews the ongoing efforts to reduce the risks inherent in the worlds principal wholesale payment systems. the paper assesses the major policy proposals to contain the growth in intraday credit exposures that arises in net settlement wholesale payment systems and in the real-time gross systems in which the central bank provides daylight overdrafts. It also discusses the benefits of these risk-management policies, and we assess the adverse impact of applying interest charges for intraday central-bank credit or of collateralizing such credit on liquidity in financial markets
Bibliography Includes bibliographical references (pages 45-48)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Banks and banking, Central.
Liquidity (Economics)
Payment -- European Union countries.
Payment -- Japan.
Payment -- United States.
Form Electronic book
Author Garber, Peter
Schoenmaker, Dirk.
International Monetary Fund. Research Department.
ISBN 1281996580