Payment Systems in Global Perspective / Edition 1

by Maxwell J. Fry

Overview

This book provides an authoritative overview of the complex practical and policy implications of international payments systems by central bankers from both developed and developing countries, Payments Systems in Global Perspective presents the results of a survey of international central bank practice conducted by the Bank of England.

Product Details

ISBN-13:	9780415207645
Publisher:	Taylor & Francis
Publication date:	03/25/1999
Series:	Routledge International Studies in Money and Banking , #5
Edition description:	New Edition
Pages:	196
Product dimensions:	5.44(w) x 8.50(h) x (d)
Lexile:	1520L (what's this?)

Table of Contents

List of Figures, List of Table, Authors, Foreword, Acknowledgements, Acronyms, 1 Introduction, 2 Payment Instruments, 3 Payment Systems, 4 Deferred Net Settlement versus Real-Term Gross Settlement for Large-Value Transfer Systems, 5 Reserve Requirements, Liquidity and Risk, 6 Central Bank Roles in Payment Systemsb, 7 Some Links between Payment Systems, Monetary Policy, Fixed Exchange Rates and Financial Stability, Appendix 1 Payment and Settlement Systems Questionnaire, Appendix 2 Deferred Net Settlement Systems, Appendix 3 Real-Time Gross Settlement Systems, Appendix 4 Central Bank Risk Exposure, Appendix 5 Central Bank Settlement Failure Guarantee, Appendix 6 Payment System Development Strategies, Appendix 7 Separate Accounts for Required Reserves, Appendix 8 Reserve Maintenance Periods, Appendix 9 Use of Required Reserves for Payment Purposes, Appendix 10 Interest Paid on Reserves, Appendix 11 Formal Central Bank Supervision of Payment Systems, Appendix 12 Informal Central Bank Supervision of Payment Systems, Appendix 13 Commercial Bank Involvement in Payment Systems, Appendix 14 Exchange Rate Regimes and Monetary Policy, Bibliography, Index

Editorial Reviews

Examines the development of payment instruments and systems in industrial, transitional, and developing economies, using information collected from central banks in 70 countries. After examining the availability and use of alternative payment instruments, analyzes their development and compares their relevant features, highlighting the design questions that have accompanied the recent adoption of real-time gross settlement systems. Then considers how the different systems impact development at different stages. Published in association with the Bank of England's Centre for Central Banking Studies. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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