Neville Arjani - Latest

• Quantifying the Economic Benefits of Payments Modernization: the Case of the Large-Value Payment System

  Staff Working Paper 2021-64 Neville Arjani, Fuchun Li, Zhentong Lu

  Canada is undertaking a major initiative to modernize its payments ecosystem. The modernized ecosystem is expected to bring significant benefits to Canadian financial markets and the overall economy. We develop an empirical framework to quantify the economic benefits of modernizing the payment system in Canada.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): C, C3, E, E4, E42, G, G1, G2, G28

• Lessons from the Financial Crisis: Bank Performance and Regulatory Reform

  Staff Discussion Paper 2013-4 Neville Arjani, Graydon Paulin

  The financial systems of some countries fared materially better than others during the global financial crisis of 2007-09.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial system regulation and policies JEL Code(s): G, G2, G21, G28
• January 27, 2012

  Simulation Analysis: A Tool for Examining the Balance between Safety and Efficiency in Canada’s Large Value Transfer System

  Financial System Review - December 2005 Neville Arjani

  Content Type(s): Publications, Financial System Review articles
• January 25, 2012

  Management of Foreign Exchange Settlement Risk at Canadian Banks

  Financial System Review - December 2007 Neville Arjani

  Content Type(s): Publications, Financial System Review articles
• June 21, 2009

  Procyclicality and Bank Capital

  Financial System Review - June 2009 Neville Arjani

  Content Type(s): Publications, Financial System Review articles
• April 13, 2007

  The Large-Value Payments System: Insights from Selected Bank of Canada Research

  Bank of Canada Review - Spring 2007 Neville Arjani, Walter Engert

  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.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial institutions, Payment clearing and settlement systems

• Examining the Trade-Off between Settlement Delay and Intraday Liquidity in Canada's LVTS: A Simulation Approach

  Staff Working Paper 2006-20 Neville Arjani

  The author explores a fundamental trade-off that occurs between settlement delay and intraday liquidity in the daily operation of large-value payment systems (LVPS), with specific application to Canada's Large Value Transfer System (LVTS).

  Content Type(s): Staff research, Staff working papers Topic(s): Payment clearing and settlement systems JEL Code(s): E, E4, E47, G, G2, G21
• March 1, 2006

  A Primer on Canada’s Large Value Transfer System

  Darcey McVanel, Neville Arjani

  This paper provides a comprehensive overview of Canada’s Large Value Transfer System (LVTS).

  Content Type(s): Background materials Topic(s): Payment clearing and settlement systems