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150128 ||| eng |
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|a 9781451845525
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| 100 |
1 |
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|a Schoenmaker, Dirk
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| 245 |
0 |
0 |
|a The Reform of Wholesale Payment Systems and its Impacton Financial Markets
|c Dirk Schoenmaker, Peter Garber, D. Folkerts-Landau
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1996
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| 300 |
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|a 54 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Payment Systems
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Securities
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| 653 |
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|a Banks and banking
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Regimes
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| 653 |
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|a Clearinghouses; Banking
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| 653 |
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|a Mortgages
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| 653 |
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|a Collateral
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| 653 |
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|a Standards
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| 653 |
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|a Financial markets
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| 653 |
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|a Real time gross settlement systems
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| 653 |
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|a Banking
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| 653 |
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|a Government securities
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Government and the Monetary System
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Payment systems
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| 653 |
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|a Pension Funds
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| 653 |
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|a Financial institutions
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| 653 |
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|a Financial Instruments
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a International Policy Coordination and Transmission
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| 653 |
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|a Loans
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| 653 |
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|a Financial instruments
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Investments: General
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| 653 |
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|a Monetary Systems
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| 653 |
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|a Investment & securities
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| 653 |
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|a Finance: General
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| 700 |
1 |
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|a Garber, Peter
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| 700 |
1 |
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|a Folkerts-Landau, D.
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781451845525.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1996/037/001.1996.issue-037-en.xml?cid=2026-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper reviews the ongoing efforts to reduce the risks inherent in the world’s principal wholesale payment systems. The paper assesses the major policy proposals to contain the growth in intraday credit exposures that arises in net settlement wholesale payment systems and in the real-time gross systems in which the central bank provides daylight overdrafts. It also discusses the benefits of these risk-management policies, and we assess the adverse impact of applying interest charges for intraday central-bank credit or of collateralizing such credit on liquidity in financial markets
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