Arbeitspapier
Regulating access to international large-value payment systems
This paper studies access regulation to international large-value payment systems when banking supervision is national task. We focus on the choice between net settlement or imposing real time gross settlement. As a novel feature, the communication between the supervisors is endogenized. It is shown that the national supervisors' preferences regarding the settlement method are not perfectly aligned. As a result, systemic risk is excessive under public regulation. Still, leaving access regulation to the private banks can only be optimal if they have superior information about the risk of their foreign counterparty in the settlement system.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 22
- Klassifikation
-
Wirtschaft
Central Banks and Their Policies
Financial Institutions and Services: General
Financial Institutions and Services: Government Policy and Regulation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Holthausen, Cornelia
Rønde, Thomas
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Holthausen, Cornelia
- Rønde, Thomas
- European Central Bank (ECB)
Entstanden
- 2000
Ähnliche Objekte (12)
Efficient pricing of large value interbank payment systems
Efficient pricing of large value interbank payment systems
Japan: achieving UHC by regulating payment
Large value payment systems: principles and present and future developments
Settlement finality as a public good in large value payment systems
Settlement finality as a public good in large-value payment systems
Changes in Payment Timing in Canada’s Large Value Transfer System
Incorporating a "public good factor" into the pricing of large-value payment systems
Incorporating a "public good factor" into the pricing of large value payment systems
Explaining cross-border large-value payment flows : evidence from target and Euro 1 data
Explaining cross-border large-value payment flows: evidence from TARGET and EURO 1 data
Quantifying the economic benefits of payments modernization: The case of the large-value payment system
Efficient pricing of large value interbank payment systems
Efficient pricing of large value interbank payment systems
Japan: achieving UHC by regulating payment
Large value payment systems: principles and present and future developments
Settlement finality as a public good in large value payment systems
Settlement finality as a public good in large-value payment systems
Changes in Payment Timing in Canada’s Large Value Transfer System
Incorporating a "public good factor" into the pricing of large-value payment systems
Incorporating a "public good factor" into the pricing of large value payment systems
Explaining cross-border large-value payment flows : evidence from target and Euro 1 data
Explaining cross-border large-value payment flows: evidence from TARGET and EURO 1 data
Quantifying the economic benefits of payments modernization: The case of the large-value payment system
Efficient pricing of large value interbank payment systems
Efficient pricing of large value interbank payment systems
Japan: achieving UHC by regulating payment
Large value payment systems: principles and present and future developments
Settlement finality as a public good in large value payment systems
Settlement finality as a public good in large-value payment systems
Changes in Payment Timing in Canada’s Large Value Transfer System
Incorporating a "public good factor" into the pricing of large-value payment systems
Incorporating a "public good factor" into the pricing of large value payment systems
Explaining cross-border large-value payment flows : evidence from target and Euro 1 data
Explaining cross-border large-value payment flows: evidence from TARGET and EURO 1 data