Measuring the Impact of a Failing Participant in Payment Systems /

Banks and financial market infrastructures (FMIs) that are not able to fulfill their payment obligations can be a source of financial instability. This paper develops a composite risk indicator to evaluate the criticality of participants in a large value payment system network, combining liquidity r...

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Détails bibliographiques
Auteur principal: Heijmans, Ronald
Autres auteurs: Wendt, Froukelien
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2020.
Collection:IMF Working Papers; Working Paper ; No. 2020/081
Accès en ligne:Full text available on IMF