2012, English, Article edition: The impact of payment system design on tiering incentives / Robert Arculus, Jennifer Hancock and Greg Moran. Arculus, Robert.

User activity

Send to:
 
Bookmark: http://trove.nla.gov.au/version/192246050
Physical Description
  • iii, 30 p. : ill. ; 21 cm.
Published
  • Sydney, N.S.W. : Information Dept., Reserve Bank of Australia, 2012.
Language
  • English

Edition details

Title
  • The impact of payment system design on tiering incentives /​ Robert Arculus, Jennifer Hancock and Greg Moran.
Author
  • Arculus, Robert.
Other Authors
  • Hancock, Jennifer.
  • Moran, Greg.
  • Reserve Bank of Australia. Information Dept.
Published
  • Sydney, N.S.W. : Information Dept., Reserve Bank of Australia, 2012.
Content Types
  • text
  • still image
Carrier Types
  • volume
Physical Description
  • iii, 30 p. : ill. ; 21 cm.
Series
Subjects
Summary
  • Tiering occurs when an institution does not participate directly in the central payment system but instead settles its payments through an agent. A high level of tiering can be a significant issue for payment system regulators because of the increased credit and concentration risk. This paper explores the impact of payment system design on institutions' incentives to tier using simulation analysis. Some evidence is found to support the hypothesis that the liquidity-saving mechanisms in Australia's real-time gross settlement (RTGS) system - the Reserve Bank Information and Transfer System (RITS) - reduce the liquidity cost of direct participation. This may have contributed to the low level of tiering in RITS relative to RTGS systems in other countries. We find no clear relationship between system design and the size of the substantial two-way exposures tiering creates between clients and their settlement banks. Our data suggest that more tiering would result in only small increases to the level of concentration in RITS.
Notes
Language
  • English
Dewey Number
  • 332.1780994
Libraries Australia ID
Contributed by
Libraries Australia

Get this edition

Other links

None of your libraries hold this item.

These 7 locations in All:

Library Access Call number(s) Formats held Language
Flinders University. Flinders University Central Library. Open to the public 99152592001771; HELD Article English
National Library of Australia. Open to the public 6192793; Nq 330.994 RES; NLq 330.994 RES Article English
State Library of NSW. Open to the public M Q332.1105/6 2012, no. 6 Article English
State Library of Victoria. Open to the public 2500109; held Article English
University of Queensland. University of Queensland Library. Open to the public .b31962610; ssh HG2351.A82 A73 2012 Article English
University of Southern Queensland. USQ Library. Open to the public 000851371; TWBA 332.1780994 Arc Article English
University of Technology Sydney. University Library. Open to the public .b28091759; held Article English
Show 0 more libraries...

This single location in Australian Capital Territory:

Library Access Call number(s) Formats held Language
National Library of Australia. Open to the public 6192793; Nq 330.994 RES; NLq 330.994 RES Article English
Show 0 more libraries...

These 2 locations in New South Wales:

Library Access Call number(s) Formats held Language
State Library of NSW. Open to the public M Q332.1105/6 2012, no. 6 Article English
University of Technology Sydney. University Library. Open to the public .b28091759; held Article English
Show 0 more libraries...
None of your libraries hold this item.

These 2 locations in Queensland:

Library Access Call number(s) Formats held Language
University of Queensland. University of Queensland Library. Open to the public .b31962610; ssh HG2351.A82 A73 2012 Article English
University of Southern Queensland. USQ Library. Open to the public 000851371; TWBA 332.1780994 Arc Article English
Show 0 more libraries...

This single location in South Australia:

Library Access Call number(s) Formats held Language
Flinders University. Flinders University Central Library. Open to the public 99152592001771; HELD Article English
Show 0 more libraries...
None of your libraries hold this item.

This single location in Victoria:

Library Access Call number(s) Formats held Language
State Library of Victoria. Open to the public 2500109; held Article English
Show 0 more libraries...
None of your libraries hold this item.

Other suppliers

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment