Free-riding on liquidity in the colombian LVPS
Borradores de Economía; No. 977
Date published
2016-12-23Date of last update
2016-12-23Document language
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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
The functioning of large-value payment systems (LVPSs) can be affected when some of its participants voluntarily decide to delay their payments until they can totally fund them with the payments received from other participants. This behaviour, known as t
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URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6288https://hdl.handle.net/20.500.12134/6288
https://doi.org/10.32468/be.977
https://ideas.repec.org/p/bdr/borrec/977.html
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