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Analytical Framework In Assessing Systemic Financial Market Infrastructure: Interdependence Of Financial Market Infrastructure And The Need For A Broader Risk Perspective

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  • The SEACEN Centre

Abstract

Financial Market Infrastructures (FMIs) play a critical role in the financial system and the broader economy by facilitating the clearing, settlement and recording of monetary and other financial transactions and thereby maintaining and promoting financial stability and economic growth. However, the trends of financial sector development and interdependence of FMIs affect the assessment and management of payment and settlement risk for FMIs. It is thus important to know the status of FMIs in member economies as well as the trend and observations of their interdependence. Accordingly, the objectives of the study are to: (i) highlight trend of interdependence between FMI by initiating development of a simplified framework (both analytical and operational); (ii) provide observations on the situation of payment transaction related information from economies of the nine SEACEN participating member central banks and monetary authorities; and (iii) propose recommendations in this regard.

Suggested Citation

  • The SEACEN Centre, 2014. "Analytical Framework In Assessing Systemic Financial Market Infrastructure: Interdependence Of Financial Market Infrastructure And The Need For A Broader Risk Perspective," Research Studies, South East Asian Central Banks (SEACEN) Research and Training Centre, number rp93, April.
    • Handle: RePEc:sea:rstudy:rp93
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    File URL: https://www.seacen.org/publications/RePEc/702003-100352-PDF.pdf
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    References listed on IDEAS

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    1. Tanai Khiaonarong, 2013. "Creating an Association of Southeast Asian Nations Payment System : Policy and Regulatory Issues," Governance Working Papers 23425, East Asian Bureau of Economic Research.
    2. Ms. Rina Bhattacharya, 2013. "Inflation Dynamics and Monetary Policy Transmission in Vietnam and Emerging Asia," IMF Working Papers 2013/155, International Monetary Fund.
    3. Khiaonarong, Tanai, 2013. "Creating an Association of Southeast Asian Nations Payment System: Policy and Regulatory Issues," ADBI Working Papers 422, Asian Development Bank Institute.
    4. Tanai Khiaonarong, 2013. "Creating an Association of Southeast Asian Nations Payment System : Policy and Regulatory Issues," Finance Working Papers 23425, East Asian Bureau of Economic Research.
    5. Goujon, Michael, 2006. "Fighting inflation in a dollarized economy: The case of Vietnam," Journal of Comparative Economics, Elsevier, vol. 34(3), pages 564-581, September.
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