Non-monotonic tradeoffs of Tiering in a large value payment system

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Borradores de Economía; No. 946
Date published
2016-06-09
Date of last update
2016-06-09
Author
Arango-Arango, Carlos Alberto
Cepeda-López, Freddy Hernán
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
Even though international authorities encourage open and wide access to large value payment systems, the optimal level of access, or tiering, is still an open question. In the case of real-time gross settlement systems (RTGS) the level of access, or tieri
JEL Codes
E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Keywords
Tiering ; RTGS payment systems ; Liquidity ; Credit risk ; Network topology ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6257
https://hdl.handle.net/20.500.12134/6257
https://doi.org/10.32468/be.946
https://ideas.repec.org/p/bdr/borrec/946.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit