Measuring the Impact of a Failing Participant in Payment Systems

Nopic
Banks and financial market infrastructures (FMIs) that are not able to fulfill their payment obligations can be a source of financial instability. This paper develops a composite risk indicator to evaluate the criticality of participants in a large value payment system network, combining liquidity risk and interconnections in one approach, and... READ MORE...

Publication date: June 2020
ISBN 9781513545080
$18.00

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Publication date: June 2020

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