Free-riding on liquidity in the colombian LVPS

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Borradores de Economía; No. 977
Date published
2016-12-23
Date of last update
2016-12-23
Author
Martínez-Ventura, Ana Constanza
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
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
JEL Codes
C23 - Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal ModelsG20 - Financial Institutions and Services: GeneralE42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Keywords
Payment system ; Free riding on liquidity ; Liquidity hoarding ; Quantile regression models ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6288
https://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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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