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About this book
The payment system is one of the mechanisms essential to the working of an exchange economy. Over the last decade, central banks have been determined to improve their payment systems to harmonise and reduce risk, and in Europe to anticipate their future interconnection in the TARGET system. This book provides the analytic framework for an informed policy debate on the implications for monetary policy.
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Table of contents (7 chapters)
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Front Matter
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Introduction
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The Analytics of Real-Time Gross-Settlement Systems
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Front Matter
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The Provision of Intraday Liquidity in Real-Time Gross-Settlement Systems
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Front Matter
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Monetary Policy Implications of Real-Time Gross-Settlement Systems
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Front Matter
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Back Matter
Reviews
'Elegantly analyses the key questions of cost, efficiency and risk. Mandatory reading for anyone with responsibilities in an RTGS system.' - Alfred Steinherr
Authors and Affiliations
Bibliographic Information
Book Title: Payment Systems in the Financial Markets
Authors: Marco Rossi
DOI: https://doi.org/10.1007/978-1-349-26374-5
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 1998
Hardcover ISBN: 978-0-333-69577-7Published: 08 April 1998
eBook ISBN: 978-1-349-26374-5Published: 12 June 1998
Edition Number: 1
Number of Pages: XVIII, 152
Topics: Macroeconomics/Monetary Economics//Financial Economics, Banking