Published in:Bank of Finland Research Discussion Paper ; No. 9/2001
Extent:
1 Online-Ressource (34 p)
Language:
English
DOI:
10.2139/ssrn.3018053
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 13, 2001 erstellt
Description:
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