Scientific Monographs, Bank of Finland
No E:31/2005:
Liquidity, risks and speed in payment and settlement systems – a simulation approach
Harry Leinonen (ed) ()
Abstract: This publication consists of eleven separate studies on
payment and settlement systems conducted using simulation techniques. Most
have been carried out using the payment and settlement system simulators
BoF-PSS1 or BoF-PSS2 provided by the Bank of Finland and presented at the
simulator seminars arranged by the Bank. The main focus in the analyses is
on liquidity requirements, settlement speed, gridlock situations, gridlock
resolving methods, liquidity economising, systemic risk, and the impact of
shocks on system performance. The studies look at systems in several
countries and cover both RTGS and netting systems as well as securities
settlement systems.
Keywords: simulation; payment and settlement system; liquidity; gridlock; systemic risk; counterparty risk; (follow links to similar papers)
357 pages, May 29, 2005
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