Payment Systems in the Financial Markets Real-Time Gross Settlement Systems and the Provisions of Intraday Liquidity
- List Price: $110.00
- Binding: Hardcover
- Publisher: Palgrave Macmillan
- Publish date: 12/01/1997
Description:
The payment system is one of the mechanisms essential to the working of an exchange economy. By facilitating the circulation of means of payment among economic agents, it affects the efficiency with which goods, services and financial assets are produced and used. It is, therefore, apparent that any effort in understanding and assessing payment mechanisms has immediate practical operational relevance. This book offers the tools an informed policy debate about the functioning and implications of Real-Time Gross Settlement Systems.
Expand description
Please Wait