Scientific Monographs, Bank of Finland
No E:45/2012:
Diagnostics for the financial markets – computational studies of payment system: Simulator Seminar Proceedings 2009–2011
Matti Hellqvist ()
and Tatu Laine ()
Abstract: This publication consists of fifteen studies on payment
and settlement systems conducted using computational or simulation
techniques. The studies have been presented at the simulator seminars
arranged by the Bank of Finland during the years 2009–2011. The main focus
of the studies is on the analysis of payment-systems data, which constitute
a virtual real-time pulse of the financial system. The data are used in the
studies to develop new indicators or diagnostics, to quantify systemic
risks, to analyze liquidity usage, to test or develop new system
structures, and to study participants’ behavior. The studies examine
payment systems in several countries, concentrating mainly on largevalue
payment systems
Keywords: simulation; payment system; settlement system; liquidity; systemic risk; risk indicators; free riding; liquidity saving mechanism tiering; behavioral modeling; RTGS; (follow links to similar papers)
JEL-Codes: C15; C81; D53; D70; E42; E58; G01; G21; (follow links to similar papers)
464 pages, July 25, 2012
Hellqvist and Laine editors
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