The Future of Payment Systems (eBook, ePUB)

Redaktion: Millard, Stephen; Saporta, Victoria; Haldane, Andrew

• Format: ePub

Produktbeschreibung

Drawing on wide-ranging contributions from prominent international experts and discussing some of the most pressing issues facing policy makers and practitioners in the field of payment systems today, this volume provides cutting-edge perspectives on the current issues surrounding payment systems and their future. It covers a range of continually important topics, including:

• the form payment systems might take in the future
• the risks associated with this evolution
• the techniques being deployed to assess these risks and the implications these risks have for the respective roles of the public and private sector.

Produced in association with the Bank of England, this book is fascinating reading for practitioners and policy makers in the field of payment systems, as well as students and researchers engaged with the economics of payments and central banking policy.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 288
• Erscheinungstermin: 17. September 2007
• Englisch
• ISBN-13: 9781134071296
• Artikelnr.: 38255087

Autorenporträt

Stephen Millard, Andrew Haldane, Victoria Saporta

Inhaltsangabe

Introduction Part 1: Payment Systems and Public Policy - Central Banks and
Payment Systems: Past, Present and Future. The Core Role of Central Banks
in Payment Systems.Challenges for Research in Payments.Payment Economics
and the Role of Central Banks Part 2: New Approaches to Modelling Payments
- New Models of Old Payment Questions. Optimal Settlement Rules for Payment
Systems.The Microstructure of Money Part 3: Current Payment Policy Issues -
Wholesale Payments: Questioning the Market-Failure Hypothesis. Central Bank
Intraday Collateral Policy and Implications for Tiering in RTGS Payment
Systems.Central Banks' Interest Calculating Conventions: Deviating from the
Intraday/Overnight Status Quo. How Should we Regulate Banks' Liquidity?
Part 4: Policy Perspectives on the Future of Payments. The Diffusion of
Real-Time Gross Settlement.E-Settlement: Soon a Reality?Real-Time Liquidity
Management in a Globally Connected Market.Will Central Banking Survive
Electronic Money?Payment Systems and Central Banks: Where are we Now and
where will E-Payments take us?