| Description |
1 online resource (xviii, 254 pages) : illustrations |
| Contents |
""Contents""; ""Foreword""; ""Preface""; ""Acknowledgments""; ""List of Abbreviations""; ""Part I: Overview""; ""1 Recent Initiatives in Payment System Policy""; ""Industrial Countries""; ""Middle- and Low-Income Countries""; ""Economies in Transition""; ""2 International Aspects of Reform""; ""Characteristics of Cross-Border Arrangements""; ""Risks, Risk Control, and Reducing Settlement Risk in Foreign Exchange Transactions""; ""Cooperative Approach in Cross-Border Payments: Industrial Countries""; ""Other Cooperative Structures""; ""Role of the IMF""; ""Part II: Major Policy Issues"" |
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""3 Payment Systems and Monetary Policy""""Central Banking and the Payment System""; ""Monetary Policy, Liquidity Management, and the Payment System""; ""Monetary Management and the Problem of Float""; ""4 Large-Value Transfer Systems: Risk and Credit""; ""Systemic Risks, Settlement Finality, and the Central Bank""; ""Risk Management in Funds Transfer Clearing and Settlement""; ""LVTSs: Net Versus Gross""; ""Central Bank Credit Policy for R T G S Systems""; ""Interday and Intraday Liquidity""; ""Potential Effect of Intraday Credit on Financial Markets""; ""Regulation of Private LVTSs"" |
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""Varieties of LVTSs""""5 Critical Issues in the Design and Management of Payment Systems""; ""Payment System and Social Efficiency""; ""Cost-Benefit Analysis and Rational Choice""; ""Path Dependence""; ""Domestic Organizational Aspects of Reform""; ""Other Public Policy Issues""; ""6 Some Aspects of Debit and Credit Transfers""; ""Credit and Debit Transfer Systems Contrasted""; ""Debit Transfers""; ""Credit Transfers""; ""Part III: Selected Countries""; ""7 Australia""; ""Overview of the Economic and Financial System""; ""Institutional and Organizational Framework""; ""Payment Instruments"" |
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""Clearing and Settlement Systems""""Role of the Central Bank""; ""Major Ongoing and Planned Payment System Projects""; ""8 France""; ""Overview of the Economic and Financial System""; ""Institutional and Organizational Framework""; ""Payment Instruments""; ""Clearing and Settlement Systems""; ""Role of the Central Bank""; ""Major Ongoing and Planned Payment System Projects""; ""9 Poland""; ""Overview of the Economic and Financial System""; ""Institutional and Organizational Framework""; ""Payment Instruments""; ""Clearing and Settlement Systems""; ""Role of the Central Bank"" |
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""Major Ongoing and Planned Payment System Projects""""10 Russia""; ""Overview of the Economic and Financial""; ""Institutional and Organizational Framework""; ""Payment Instruments""; ""Clearing and Settlement Systems""; ""Role of the Central""; ""Major Ongoing and Planned Payment System Projects""; ""11 Thailand""; ""Overview of the Economic and Financial System""; ""Institutional and Organizational Framework""; ""Payment Instruments""; ""Clearing and Settlement Systems""; ""Role of the Central Bank""; ""Major Ongoing and Planned Payment System Projects""; ""12 United States"" |
| Summary |
This book reflects the continuing and increasing interest of the IMF in payment system issues, from a public policy perspective. The book originated in a set of papers prepared for the information of the IMF Executive Board and staff. It provides a broad overview of the main policy and strategic issues in payment system reform being addressed by countries around the world. It also describes the structure of various payment systems, particularly those that handle large-value and time critical payments. The book highlights that in payment system policy there are areas in which a general consensus has emerged, but also aspects for which countries have different practices. It then indicates the direction for future payment system policy analysis and research |
| Bibliography |
Includes bibliographical references (pages 249-254) |
| 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. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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Print version record |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Payment -- Case studies
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Clearinghouses (Banking) -- Case studies
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Monetary policy -- Case studies
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Banks and banking, Central -- Case studies
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BUSINESS & ECONOMICS -- Finance.
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Banks and banking, Central
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Clearinghouses (Banking)
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Monetary policy
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Payment
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Aufsatzsammlung
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Internationaler Zahlungsverkehr
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Centrale banken.
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Clearing.
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Monetaire politiek.
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Paiement -- cas, étude de.
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Politique monétaire -- cas, étude de.
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Banques -- cas, étude de.
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| Genre/Form |
Case studies
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| Form |
Electronic book
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| Author |
Johnson, Omotunde E. G., editor.
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Abrams, Richard K., author.
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Destresse, Jean-Marc, author.
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Lybek, Tonny, author.
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Roberts, Nicholas M., author.
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Swinburne, Mark, author.
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International Monetary Fund, issuing body.
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| LC no. |
97003846 |
| ISBN |
9781455246670 |
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1455246670 |
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9781455219506 |
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1455219509 |
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