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Informationen zum Autor Stephen Millard, Andrew Haldane, Victoria Saporta Klappentext Drawing on wide-ranging contributions from prominent international experts and discussing some of the most pressing issues facing policy makers and practitioners in the field of payment systems today, this volume provides cutting-edge perspectives on the current issues surrounding payment systems and their future. It covers a range of continually important topics, including: the form payment systems might take in the future the risks associated with this evolution the techniques being deployed to assess these risks and the implications these risks have for the respective roles of the public and private sector. Produced in association with the Bank of England, this book is fascinating reading for practitioners and policy makers in the field of payment systems, as well as students and researchers engaged with the economics of payments and central banking policy. Zusammenfassung Drawing on wide-ranging contributions from prominent international experts and discussing some of the most pressing issues facing policy makers and practitioners in the field of payment systems today, this volume provides cutting-edge perspectives on the current issues surrounding payment systems and their future. Inhaltsverzeichnis Introduction Part 1: Payment Systems and Public Policy - Central Banks and Payment Systems: Past, Present and Future. The Core Role of Central Banks in Payment Systems. Challenges for Research in Payments. Payment Economics and the Role of Central Banks Part 2: New Approaches to Modelling Payments - New Models of Old Payment Questions. Optimal Settlement Rules for Payment Systems. The Microstructure of Money Part 3: Current Payment Policy Issues - Wholesale Payments: Questioning the Market-Failure Hypothesis. Central Bank Intraday Collateral Policy and Implications for Tiering in RTGS Payment Systems. Central Banks’ Interest Calculating Conventions: Deviating from the Intraday/Overnight Status Quo. How Should we Regulate Banks’ Liquidity? Part 4: Policy Perspectives on the Future of Payments. The Diffusion of Real-Time Gross Settlement. E-Settlement: Soon a Reality? Real-Time Liquidity Management in a Globally Connected Market. Will Central Banking Survive Electronic Money? Payment Systems and Central Banks: Where are we Now and where will E-Payments take us? ...
