Wholesale Payments Systems and Financial Discipline, Efficiency, and Liquidity

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dc.creator Folkerts-Landau, David
dc.date 2011-02-07T21:20:54Z
dc.date 2011-02-07T21:20:54Z
dc.date 1998-01-01
dc.date 1997-07-01
dc.date.accessioned 2014-09-09T01:08:01Z
dc.date.available 2014-09-09T01:08:01Z
dc.date.issued 2014-09-08
dc.identifier http://www.iadb.org/en/publications/publication-detail,7101.html?id=6650
dc.identifier.uri https://saber.ucab.edu.ve/xmlui/handle/123456789/15879
dc.description The experience of a large number of countries since the mid-1970s has demonstrated the limited potential for activist monetary and fiscal policies to influence real macroeconomic performance on a sustained basis. Given the central role of the financial sector in pricing and allocating capital and risk, attention has focused on the architecture of this sector. Heading the reform agenda now are issues pertaining to the relation between the central bank, commercial banks and the wholesale payments system, the financial supervisory and regulatory environment, the development of capital markets, pension reforms, and risk management. This paper considers the lessons that are emerging from payments system reform currently underway in some major industrial countries.
dc.format 27
dc.format ACROBAT
dc.language en
dc.relation Working Paper Series; 370
dc.subject Crises Financeiras e Estabilização Econômica
dc.subject Financial Crises & Economic Stabilization
dc.subject Crisis financieras y estabilización económica
dc.subject Setor Financeiro
dc.subject Financial Sector
dc.subject Sector financiero
dc.subject RTGS
dc.subject industrial countries
dc.subject wholesale payments systems
dc.subject efficiency
dc.subject liquidity
dc.subject WP-370
dc.title Wholesale Payments Systems and Financial Discipline, Efficiency, and Liquidity
dc.type Working Papers

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