Simulating an Interbank Payment System

Pietro Terna ()

Chapter 6 in Agent-based Models of the Economy, 2015, pp 103-117 from Palgrave Macmillan

Abstract: Abstract The chapter focuses on national interbank payment systems, supervised by central banks, where debits and credits are settled daily. The case of the interbank system in Italy is presented (the same clearing software is used in all countries of the Euro area), and some conclusions are drawn about the design of mechanisms aiming at containing financial risk and avoiding credit crunch and cascading failures. For a general reference: Kokkola (2010).

Keywords: Interest Rate; Central Bank; Euro Area; Payment System; Money Market (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33981-2_6

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DOI: 10.1057/9781137339812_6

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