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Large-Value Payment System Design and Risk Management

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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. 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.
    3. 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.
    4. William R. Emmons, 1997. "Recent developments in wholesale payments systems," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 23-43.
    5. 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.
    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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