The future of payment systems / edited by Andrew G. Haldane, Stephen Millard and Victoria Saporta.

Format:

Book

Contributor:

Millard, S. (Stephen)

Haldane, Andrew G.

Saporta, Victoria, 1969-

Series:

Routledge international studies in money and banking ; 43.

Routledge international studies in money and banking ; 43

Language:

English

Subjects (All):

Payment.

Banks and banking, Central.

Physical Description:

xvii, 268 pages : illustrations, maps ; 24 cm.

Place of Publication:

London ; New York : Routledge, 2008.

Contents:

Part I Payment systems and public policy 13

1 Central banks and payment systems: past, present and future / Stephen Millard, Victoria Saporta 15

2 The role of a central bank in payment systems / Edward J. Green 45

3 Some challenges for research in payments / Edward J. Green 57

4 Payment economics and the role of central banks / Jeffrey Lacker 68

Part II New approaches to modelling payments 73

5 New models of old (?) payment questions / Ricardo Cavalcanti, Neil Wallace 75

6 Optimal settlement rules for payment systems / Benjamin Lester, Stephen Millard, Matthew Willison 87

7 The microstructure of money / James McAndrews 100

Part III Current payment policy issues 117

8 Wholesale payments: questioning the market-failure hypothesis / George Selgin 119

9 Central bank intraday collateral policy and implications for tiering in RTGS payment systems / John P. Jackson, Mark J. Manning 138

10 Central banks' interest calculating conventions: deviating from the intraday/overnight status quo / George Speight, Matthew Willison, Morten Bech, Jing Yang 160

11 How should we regulate banks' liquidity? / Jean-Charles Rochet 175

Part IV Policy perspectives on the future of payments 187

12 The diffusion of real-time gross settlement / Morten L. Bech 189

13 E-settlement: soon a reality? / Harry Leinonen 206

14 Real-time liquidity management in a globally-connected market / Richard Pattinson 230

15 Will central banking survive electronic money? / Stefan W. Schmitz 233

16 Payment systems and central banks: where are we now and where will e-payments take us? / Charles Freedman 255.

Notes:

Papers from a conference held at the Bank of England ond 19-20 May 2005.

Includes bibliographical references and index.

ISBN:

0415438608

9780415438605

OCLC:

85623112