Gridlock resolution in interbank payment systems
| Title: | Gridlock resolution in interbank payment systems |
| Author: | Bech, Morten L. ; Soramäki, Kimmo |
| Organization: | Suomen Pankki |
| Department / Unit: | Financial Markets Department |
| Series: |
Suomen Pankin keskustelualoitteita
Bank of Finland. Discussion papers |
| 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 |
View/ |