Gridlock resolution in interbank payment systems

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dc.contributor Suomen Pankki
dc.contributor.author Bech, Morten L.
dc.contributor.author Soramäki, Kimmo
dc.date.accessioned 2014-09-22T07:58:14Z
dc.date.available 2014-09-22T07:58:14Z
dc.date.issued 2001
dc.identifier.isbn 951-686-719-7
dc.identifier.issn 0785-3572
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/7558
dc.description.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
dc.format.extent 35 s.
dc.language.iso eng
dc.relation.ispartofseries Bank of Finland Research Discussion Papers
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject maksujärjestelmät
dc.subject likviditeetti
dc.subject pankkitoiminta
dc.subject clearing/settlement
dc.subject SP
dc.subject RTGS
dc.subject RM
dc.title Gridlock resolution in interbank payment systems
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807337
dc.series.name Suomen Pankin keskustelualoitteita
dc.series.name Bank of Finland. Discussion papers
dc.series.year 2001
dc.series.number 9/2001
dc.series.sortingnumber 9
dc.date.publication 13.6.2001
dc.contributor.orgunit Financial Markets Department

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