Borradores de Economia
Número:
703
Publicado:
Clasificación JEL:
C15, C63, E47, G17, D81
Palabras clave:
Payments systems, Intraday, liquidity risk, Bivariate Poisson process
Lo más reciente
Daniel Herrera-Araujo, Jorge Florez-Acosta
Luis Armando Galvis-Aponte, Adriana Marcela Rivera-Zárate
Diego Fernando Cuesta-Mora, Fredy Alejandro Gamboa-Estrada, Camilo Eduardo Sánchez-Quinto
The most recent financial crisis unveiled that liquidity risk is far more important and intricate than regulation have conceived. The shift from bank-based to market-based financial systems and from Deferred Net Systems to liquidity-demanding Real-Time Gr