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|c 5.00 USD
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|z 9781451857191
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Folkerts-Landau, D.
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|a Wholesale Payments and Financial Discipline, Efficiency, and Liquidity /
|c D. Folkerts-Landau.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1997.
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|a 1 online resource (27 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Properly designed wholesale payments system can make a significant contribution to enhancing market discipline in the financial sector, reducing the risk of systemic disturbance and permitting a less extensive safety net for financial institutions. The objective of these reforms has been to achieve a reduction of the credit risk associated with the growth in intraday credit exposures that arises in net settlement systems and in real-time gross systems when the central bank provides daylight overdrafts. Intraday payments-related credit in net settlement systems has been reduced by restructuring payment systems into real-time gross settlement systems with collateralized overdrafts, while in the existing real-time gross settlement systems, the risk-abatement program currently in effect has taken the form of caps and charges on uncollateralized daylight credit.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1997/154
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1997/154/001.1997.issue-154-en.xml
|z IMF e-Library
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