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Liquidity, risks and speed in payment and settlement systems – a simulation approach

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    Abstract

    This publication consists of eleven separate studies on payment and settlement systems conducted using simulation techniques. Most have been carried out using the payment and settlement system simulators BoF-PSS1 or BoF-PSS2 provided by the Bank of Finland and presented at the simulator seminars arranged by the Bank. The main focus in the analyses is on liquidity requirements, settlement speed, gridlock situations, gridlock resolving methods, liquidity economising, systemic risk, and the impact of shocks on system performance. The studies look at systems in several countries and cover both RTGS and netting systems as well as securities settlement systems.

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    File URL: http://www.suomenpankki.fi/en/julkaisut/tutkimukset/erillisjulkaisut/Documents/E31.pdf
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    Bibliographic Info

    Paper provided by Bank of Finland in its series Scientific Monographs with number E:31/2005.

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    Length: 357 pages
    Date of creation: 29 May 2005
    Date of revision:
    Handle: RePEc:hhs:bofism:2005_031

    Contact details of provider:
    Postal: Bank of Finland, P.O. Box 160, FI-00101 Helsinki, Finland
    Web page: http://www.suomenpankki.fi/en/
    More information through EDIRC

    Related research

    Keywords: simulation; payment and settlement system; liquidity; gridlock; systemic risk; counterparty risk;

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