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Large-Value Payment System Design and Risk Management

Author

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  • Cronin, David

    (Central Bank of Ireland)

Abstract

This article considers how wholesale (also often called large-value) payment systems can be organised, how they have evolved over recent decades and what are the forces currently at play in shaping settlement mechanisms.

Suggested Citation

  • Cronin, David, 2011. "Large-Value Payment System Design and Risk Management," Quarterly Bulletin Articles, Central Bank of Ireland, pages 78-88, January.
    • Handle: RePEc:cbi:qtbart:y:2011:m:01:p:78-88
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    File URL: https://centralbank.ie/docs/default-source/publications/quarterly-bulletins/qb-archive/2011/qb1-2011.pdf?sfvrsn=6#page=80
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    References listed on IDEAS

    as
    1. repec:zbw:bofism:2005_031 is not listed on IDEAS
    2. William R. Emmons, 1997. "Recent developments in wholesale payments systems," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 23-43.
    3. Antoine Martin & James J. McAndrews, 2008. "An economic analysis of liquidity-saving mechanisms," Economic Policy Review, Federal Reserve Bank of New York, vol. 14(Sep), pages 25-39.
    4. Simon Buckle & Erin Campbell, 2003. "Settlement bank behaviour and throughput rules in an RTGS payment system with collateralised intraday credit," Bank of England working papers 209, Bank of England.
    5. Mark J Manning & Matthew Willison, 2006. "Modelling the cross-border use of collateral in payment systems," Bank of England working papers 286, Bank of England.
    6. Charles M. Kahn & William Roberds, 1999. "The design of wholesale payments networks: the importance of incentives," Economic Review, Federal Reserve Bank of Atlanta, vol. 84(Q3), pages 30-39.
    7. Morten L. Bech & Christine Preisig & Kimmo Soramaki, 2008. "Global trends in large-value payments," Economic Policy Review, Federal Reserve Bank of New York, vol. 14(Sep), pages 59-81.
    Full references (including those not matched with items on IDEAS)

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