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.
- Language
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Englisch
- Bibliographic citation
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Series: ECB Working Paper ; No. 22
- Classification
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Wirtschaft
Central Banks and Their Policies
Financial Institutions and Services: General
Financial Institutions and Services: Government Policy and Regulation
- Event
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Geistige Schöpfung
- (who)
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Holthausen, Cornelia
Rønde, Thomas
- Event
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Veröffentlichung
- (who)
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European Central Bank (ECB)
- (where)
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Frankfurt a. M.
- (when)
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2000
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Holthausen, Cornelia
- Rønde, Thomas
- European Central Bank (ECB)
Time of origin
- 2000
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