Arbeitspapier
A dynamic model of settlement
We investigate the role of settlement in a dynamic model of a payment system where the ability of participants to perform certain welfare-improving transactions is subject to random and unobservable shocks. In the absence of settlement, the full information first-best allocation cannot be supported due to incentive constraints. In contrast, this allocation is supportable if settlement is introduced. This, however, requires that settlement takes place with a sufficiently high frequency.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 604
- Klassifikation
-
Wirtschaft
- Thema
-
Intertemporal Incentives
payments
settlement
Zahlungsverkehr
Intertemporale Allokation
Anreiz
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Koeppl, Thorsten Volker
Monnet, Cyril
Temzelides, Ted
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2006
- 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
- Koeppl, Thorsten Volker
- Monnet, Cyril
- Temzelides, Ted
- European Central Bank (ECB)
Entstanden
- 2006
Ähnliche Objekte (12)
A Dynamic Model of Settlement
A calibrated model of intraday settlement
A model of tiered settlement networks
Settlement in modern network-based payment infrastructures: Description and prototype of the E-Settlement model
A Dynamic Model of Commutes
A Dynamic Model of Predation
Dynamic factor models
A Dynamic Model of Multiparty Competition
A dynamic model of cross licensing
A Dynamic Equilibrium Model of Search
Symbolic stationarization of dynamic equilibrium models
Settlement risk under gross and net settlement
A Dynamic Model of Settlement
A calibrated model of intraday settlement
A model of tiered settlement networks
Settlement in modern network-based payment infrastructures: Description and prototype of the E-Settlement model
A Dynamic Model of Commutes
A Dynamic Model of Predation
Dynamic factor models
A Dynamic Model of Multiparty Competition
A dynamic model of cross licensing
A Dynamic Equilibrium Model of Search
Symbolic stationarization of dynamic equilibrium models
Settlement risk under gross and net settlement
A Dynamic Model of Settlement
A calibrated model of intraday settlement
A model of tiered settlement networks
Settlement in modern network-based payment infrastructures: Description and prototype of the E-Settlement model
A Dynamic Model of Commutes
A Dynamic Model of Predation
Dynamic factor models
A Dynamic Model of Multiparty Competition
A dynamic model of cross licensing
A Dynamic Equilibrium Model of Search
Symbolic stationarization of dynamic equilibrium models