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Recent developments in the payment system

Author

Listed:
  • Allison Stinson
  • Michael Wolyncewicz

    (Reserve Bank of New Zealand)

Abstract

Payment systems have attracted increasing interest in recent years. They provide important linkages between different parts of the financial sector and support economic activity more generally. The weaknesses and risks in a payment system, however, can also pose a threat to financial stability. Accordingly, international and national initiatives to strengthen financial infrastructures have included the payment and settlement `plumbing' of the financial system. This article outlines key developments occurring internationally and domestically in the payment system arena, including measures affecting the Bank's operational and oversight activities.

Suggested Citation

  • Allison Stinson & Michael Wolyncewicz, 2003. "Recent developments in the payment system," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, March.
    • Handle: RePEc:nzb:nzbbul:march2003:3
    as

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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2003/2003mar66-1stinsonwolyncewicz.pdf
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    References listed on IDEAS

    as
    1. Peter Ledingham & Andrew Rodgers & Allison Stinson & Banking System Department, 2000. "Recent developments in the payment system," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 63, December.
    2. Geof Mortlock & Ian Woolford, 2003. "Financial sector assessment programme," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, March.
    3. Clyde Goodlet, 2001. "Core Principles for Systemically Important Payments Systems and Their Application in Canada," Bank of Canada Review, Bank of Canada, vol. 2001(Spring), pages 19-31.
    4. Andrew Rodgers, 2001. "Foreign exchange settlement risk survey," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 64, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Stuart Irvine & Phoebe Chan, 2008. "The Reserve Bank’s payment system oversight role applied," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 71, December.

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