Wholesale Payments and Financial Discipline, Efficiency, and Liquidity

Wholesale Payments and Financial Discipline, Efficiency, and Liquidity
Properly designed wholesale payments system can make a significant contribution to enhancing market discipline in the financial sector, reducing the risk of systemic disturbance and permitting a less extensive safety net for financial institutions. The objective of these reforms has been to achieve a reduction of the credit risk associated with... READ MORE...

Publication date: November 1997
ISBN 9781451857191
$15.00

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