Free-riding on liquidity in the colombian LVPS

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Borradores de Economía; No. 977

Date published

2016-12-23

Date

2016-12-23

Authors

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

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ISSN

ISBN

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

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

Description

JEL Codes

C23 - Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
G20 - Financial Institutions and Services: General
E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems

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Keywords

Keywords

Payment system , Free riding on liquidity , Liquidity hoarding , Quantile regression models

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/6288
 https://hdl.handle.net/20.500.12134/6288
 https://ideas.repec.org/p/bdr/borrec/977.html
 https://doi.org/10.32468/be.977

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