Scandinavian Working Papers in Economics
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Bank of Finland 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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