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"Two policies toward payments-system risk are common, but superficially appear to be contradictory. One policy is to restrict the exposure to risk generated by one participant to other participants who are, by one measure or another, directly concerned with the risky participant. The other policy is to provide a "safety net," typically provided by government and funded by taxes collected from all participants and even from non-participants, to share losses due to "systemic risk." In this paper, we provide a model in which both of these policies can be constituents of an economically efficient regime of payments-risk management"--Federal Reserve Bank of Minneapolis web site.
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Subjects
Econometric models, Payment, RiskShowing 1 featured edition. View all 1 editions?
Edition | Availability |
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1
Sharing the risk of settlement failure
1999, Federal Reserve Bank of Minneapolis
Electronic resource
in English
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Book Details
Published in
[Minneapolis, Minn.]
Edition Notes
Includes bibliographical references.
Title from abstract page as viewed on 1/5/2005.
"February 1999."
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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Feedback?December 13, 2020 | Edited by MARC Bot | import existing book |
December 5, 2010 | Edited by Open Library Bot | Added subjects from MARC records. |
December 10, 2009 | Created by WorkBot | add works page |