Arbeitspapier
Technology diffusion within central banking: The case of real-time gross settlement
We examine the diffusion of real-time gross settlement (RTGS) technology across all 174 central banks. RTGS reduces settlement risk and facilitates financial innovation in the settlement of foreign exchange trades. In 1985, only three central banks had implemented RTGS systems, and by year-end 2005, that number had increased to ninety. We find that the RTGS diffusion process is consistent with the standard S-curve prediction. Real GDP per capita, the relative price of capital, and trade patterns explain a significant part of the cross-country variation in RTGS adoption. These determinants are remarkably similar to those that seem to drive the cross-country adoption patterns of other technologies.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 260
- Klassifikation
-
Wirtschaft
Noncooperative Games
Central Banks and Their Policies
International Linkages to Development; Role of International Organizations
- Thema
-
central bank, technology, diffusion, S-curve, payment systems, RTGS
Innovationsdiffusion
Zahlungsverkehr
Zentralbank
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bech, Morten L.
Hobijn, Bart
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 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
- Bech, Morten L.
- Hobijn, Bart
- Federal Reserve Bank of New York
Entstanden
- 2006
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