Payment prioritisation and liquidity risk in collateralised interbank payment systems
Participants in interbank payment systems manage a stream of payment requests of varying priority to minimise their total costs. However, individually optimal strategies may conflict with system-wide optimality and can lead to inefficient equilibria, where banks cannot meet obligations in a timely m...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
2016-03.
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| Subjects: | |
| Online Access: | Get fulltext |