Reaction functions of the participants in Colombia's large-value payment system

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Borradores de Economía; No. 875

Date published

2015-03-24

Date

2015-03-24

Authors

Martínez-Ventura, Ana Constanza
Cepeda-López, Freddy Hernán

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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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

Large value payment flows can be disrupted by several types of failures such as operational incidents, problems experienced by the administrator of the payments settlement system, outages in the communications networks and the inability of a participant t

Description

JEL Codes

G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
C24 - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models

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Keywords

Keywords

Payment system , Operational incidents , Payment reaction function

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/6164
 https://hdl.handle.net/20.500.12134/6164
 https://ideas.repec.org/p/bdr/borrec/875.html
 https://doi.org/10.32468/be.875

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito