Arbeitspapier
Pricing of settlement link services and mergers of central securities depositories
This paper tries to contribute to the discussion on the role of securities settlement infrastructures for financial integration in Europe. It presents a model that can explain a well-known stylized fact of securities settlement, the surprisingly high fees charged by central securities depositories (CSDs) for settlement through links between CSDs. As the model turns out to provide a robust explanation for this stylized fact, it is then used to analyzes an important policy question, the welfare effects of mergers of CSDs.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 710
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
International Financial Markets
Oligopoly and Other Imperfect Markets
- Thema
-
central securities depositories
link settlement fees
Securities settlement
Wertpapierhandel
Bankentgelt
Wertpapierdepot
Unternehmenskonzentration
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Tapking, Jens
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 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
- Tapking, Jens
- European Central Bank (ECB)
Entstanden
- 2007
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