Payment Systems and the Safety Net: The Role of Central Bank Money and Oversight

Jeff Stehm
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Jeff Stehm: Board of Governors of the Federal Reserve System, USA

Chapter 24 in Cross-Border Banking:Regulatory Challenges, 2006, pp 373-388 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionPayment Systems and the Role of the Central BankMoral Hazard, Externalities, and Central Bank Oversight of Payment SystemsChallenges of OversightConclusionReferences

Keywords: Cross-Border Banking; Home-Host Coordination; International Banking; International Bank Mergers; Regulation of Cross-Border Banking; Failure of Internationally Active Banks; Geographic Expansion in Banking (search for similar items in EconPapers)
Date: 2006
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