The Reform of Wholesale Payment Systems and its Impact on Financial Markets
by: David Folkerts-Landau, Peter Garber, and Dirk Schoenmaker
1996, 60 pages
Type: Occasional Paper
ISBN: 1-56708-096-0
Price: $20.00
Keywords: Monetary Policy
by: David Folkerts-Landau, Peter Garber, and Dirk Schoenmaker
1996, 60 pages
Type: Occasional Paper
ISBN: 1-56708-096-0
Price: $20.00
Keywords: Monetary Policy
Central banks are reducing systemic risk by reducing intra-day credit exposures in wholesale payment systems. However, this change will also reduce liquidity in financial markets and may shift payments into private payment systems and into dollar-denominated transactions.
