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Non-monotonic Tradeoffs of Tiering in a Large Value Payment System

Carlos Alberto
Arango-Arango
Freddy Hernán
Cepeda-López
Miércoles, 1 Junio 2016

Even though international authorities encourage open and wide access to large value payment systems, the optimal level of access, or tiering, is still an open question. In the case of real-time gross settlement systems (RTGS) the level of access, or tieri