Free-riding on liquidity in the colombian LVPS

Author:

Martínez-Ventura Ana Constanza,Cepeda-López Freddy Hernán

Publisher

Banco de la República

Reference16 articles.

1. 0. Angellini, P. (1998). "An analysis of competitive externalities in gross settlement systems", Journal of Banking and Finance, Vol. 22, issue 1, pp. 1-18.

2. 1. Banco de la República (2016). Payment System Report, June.

3. 2. Bech, Ch.; Galbiati, M.; and Tudela, M. (2008). "The Timing and Funding of CHAPS Sterling Payments" Reserve Bank New York, Economic Policy Review, September, pp. 113-133.

4. 3. Bernal, J.; Cepeda, F.; and Ortega, F. (2012). "Estimating the contribution of liquidity sources in the Colombian large-value real-time gross settlement payment system: A preliminary approach" Journal of Payments Strategy and Systems, Vol. 6, num. 2, pp.159-182.

5. 4. Denbee, E.; Garrat, R.; and Zimmerman, P. (2012). "Methods for evaluating liquidity provision in real- time gross settlement payment systems" pp. 53-76, in Diagnostics for the financial markets- computational studies on payment system, Bank of Finland, Scientific Monographs,Simulator Seminar Proceedings 2009-2011.

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