Show all

Staff Discussion Papers

Unanticipated Defaults and Losses in Canada's Large-Value Payments System, Revisited

Staff Discussion Paper 2007-5 Devin Ball, Walter Engert
Recent work at the Bank of Canada studied the impact of default in Canada’s large-value payments system, and concluded that participants could readily manage their potential losses (McVanel 2005). In an extension of that work, the authors use a much larger set of daily payments data – with three times as many observations – to […]
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Financial institutions, Payment clearing and settlement systems JEL Code(s): E, E4, E44, E47, G, G2, G21

See More

Bank Publications

Bank of Canada Review Article

See More