Regulating Access to International Large-Value Payment Systems

Review of Financial Studies

Volumn 15, Issue 5, 2002, Pages 1561-1586

  Holthausen, Cornelia ^a   Rønde, Thomas ^b  

^a EUROPEAN CENTRAL BANK   (Germany)

^b UNIVERSITY OF MANNHEIM   (Germany)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0036427029     PISSN: 08939454     EISSN: None     Source Type: Journal    
DOI: 10.1093/rfs/15.5.1561     Document Type: Article

References (16)

1. Bank for International Settlements, 1989, "Report on Netting Schemes" (Angell Report), prepared by the Group of Experts on Payment Systems of the Central Banks of the G-10 countries, Basel.
2. Bank for International Settlements, 1990, "Report of the Committee on Interbank Netting Schemes of the Central Banks of the Group of Ten Countries" (Lamfalussy Report), Basel.
3. Bank for International Settlements, 1993, "Central Bank Payment and Settlement Services with Respect to Cross-Border and Multi-Currency Transactions" (Noël Report), Basel.
4. Crawford, V. P., and J. Sobel, 1982, "Strategic Information Transmission," Econometrica, 50, 1431-1451.
5. European Central Bank, 1999, Monthly Bulletin, December 1999.
6. Freixas, X., and B. Parigi, 1998. "Contagion and Efficiency in Gross and Net Interbank Payment Systems," Journal of Financial Intermediation, 10, 3-31.
7. Giovannini, A., 1992, "Central Banking in a Monetary Union: Reflections on the Proposed Statute of the European Central Bank," in The Debate on Money and Europe, MIT Press, Cambridge, MA.
8. Guesnerie, R., and J. Laffont, 1984, "A Complete Solution to a Class of Principal-Agent Problems with an Application to the Control of a Self-Managed Firm," Journal of Public Economics, 25, 329-369.
9. Holthausen, C., and T. Rønde, 2000, "Regulating Access to International Large Value Payment Systems," Working Paper No. 22, European Central Bank.
10. Kahn, C., and W. Roberds, 1998, "Payment System Settlement and Bank Incentives," Review of Financial Studies, 11, 845-870.
11. Masciandaro, D., and L. Capella, 1999, "Comparing National Deposit Insurance Systems," mimeo, Universita Bocconi, Milano.
12. Melumad, N. D., and T. Shibano, 1991, "Communication in Settings with No Transfers," RAND Journal of Economics, 22, 173-198.
13. Rochet, J.-C., and J. Tirole, 1996, "Controlling Risk in Payment Systems," Journal of Money, Credit and Banking, 28, 832-862.
14. Schoenmaker, D., 1995, "Banking Supervision in Stage Three of EMU," Special Paper No. 72, LSE Financial Markets Group, London.
15. Stein, J. C., 1989, "Cheap Talk and the Fed: A Theory of Imprecise Policy Announcements," American Economic Review, 79, 32-42.
16. Summers, B., 1991, "Clearing and Payment Systems: The Role of the Central Bank," Federal Reserve Bulletin, 77, 81-91.