Payment clearing and settlement systems - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:16:35+00:00The Large-Value Payments System: Insights from Selected Bank of Canada Research
https://www.bankofcanada.ca/wp-content/uploads/2010/06/engert.pdf
Given the Bank of Canada's strong interest in the safe and efficient operation of major clearing and settlement systems, the Bank maintains a rigorous research agenda as a means of informing payments system policy and oversight. In this article, Arjani and Engert review recent research undertaken by Bank staff concerning the risk and efficiency of the Large Value Transfer System (LVTS). Based on the findings from this research, the authors conclude that the design of the LVTS strikes an effective balance between risk and efficiency. The article also demonstrates the increased use of simulation analysis as a tool for conducting payments system research. A brief summary of the Bank's oversight strategy for systemically important payments systems is also provided. Goals for future research are noted as well, including modelling of participant behaviour and continued external collaboration with other researchers.2007-04-13T09:55:29+00:00enThe Large-Value Payments System: Insights from Selected Bank of Canada Research2007-04-13Modelling Payments Systems: A Review of the Literature
https://www.bankofcanada.ca/2007/04/working-paper-2007-28/
Payments systems play a fundamental role in an economy by providing the mechanisms through which payments arising from transactions can be settled. The existing literature on the economics of payments systems is large but loosely organized, in that each model uses a distinct set-up and sometimes a distinct equilibrium concept.2007-04-04T12:47:00+00:00enModelling Payments Systems: A Review of the Literature2007-04-04Payment clearing and settlement systemsWorking Paper 2007-28 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-28.pdfModelling Payments Systems: A Review of the LiteratureJonathan ChiuAlexandra LaiApril 2007EE4E42E5E58GG2G21