We present a search-based model of the interbank money market and monetary policy
implementation. Banks are subject to reserve requirements and the central bank tenders …

Current securities settlement systems employ various strategies to manage risks in
settlement effectively. However, exchanging and verifying information between the market …

Central banks have over the past few years devoted considerable resource to the study of
the economics of payments. In parallel, this field has begun to establish itself as a new …

This paper studies the incentives of participants in a real-time gross settlement system with
and without the addition of a liquidity-saving mechanism (LSM). Participants in the model …

Real-time gross settlement (RTGS) systems such as CHAPS Sterling require large amounts
of liquidity to support payment activity. To meet their liquidity needs, RTGS participants …

In this work, we analyse the topology of the network of interbank payment flows settled via
the real-time gross settlement system (RTGS) of the Angolan payment system (APS) during …

Payment of interest on banks' reserves has long been an important subject of discussion in
monetary policy forums. Recent legislation that allows the US Federal Reserve to pay …

Over the last few decades, most central banks, concerned about settlement risks inherent in
payment netting systems, have implemented real-time gross settlement (RTGS) systems …

We investigate how settlement banks in the United Kingdom's large-value payment system
deal with intraday liquidity and operational risk. In particular, we are interested in payments …

The intraday interest rate under a liquidity crisis: The case of August 2007 - ScienceDirect Skip
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