Research Discussion Papers, Bank of Finland
No 9/2001:
Gridlock Resolution in Interbank Payment Systems
Morten L. Bech and Kimmo Soramäki
Abstract: The paper analyses the severity of gridlocks in interbank
payment systems operating on a real time basis and evaluates by means of
simulations the merits of a gridlock resolution algorithm. Data used in the
simulations consist of actual payments settled in the Danish and Finnish
RTGS systems. The algorithm is found to be applicable to a real time
environment and effective in reducing queuing in the systems at all levels
of liquidity, but in particular when intra-day liquidity is scarce.
Keywords: payment systems; liquidity; gridlock; algorithms; settlement; (follow links to similar papers)
34 pages, June 13, 2001
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
0109.pdf 
Download Statistics
Questions (including download problems) about the papers in this series should be directed to Minna Nyman ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design by Joachim Ekebom
