Gridlock resolution in interbank payment systems

Show full item record

Title: Gridlock resolution in interbank payment systems
ISBN: 951-686-719-7
Author: Bech, Morten L. ; Soramäki, Kimmo
Organization: Suomen Pankki
Department / Unit: Financial Markets Department
Series: Suomen Pankin keskustelualoitteita
Bank of Finland. Discussion papers
ISSN: 0785-3572
Series year: 2001
Series number: 9/2001
Year of publication: 2001
Publication date: 13.6.2001
Pages: 35 s.
Keywords: maksujärjestelmät; likviditeetti; pankkitoiminta; clearing/settlement; RTGS;
Abstract: The paper analyses the severity of gridlocks in interbank payment systems operating on a real time basis and evaluates by means of simulations the merits of a gridlock resolution algorithm.Data used in the simulations consist of actual payments settled in the Danish and Finnish RTGS systems.The algorithm is found to be applicable to a real time environment and effective in reducing queuing in the systems at all levels of liquidity, but in particular when intra-day liquidity is scarce
Rights: https://helda.helsinki.fi/bof/copyright


Files in this item

Total number of downloads: Loading...

Files Size Format View
99408.pdf 213.3Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record