Número:
703
Publicado:
Clasificación JEL:
C15, C63, E47, G17, D81
Palabras clave:
Payments systems, Intraday, liquidity risk, Bivariate Poisson process
Lo más reciente
Jaime Alfredo Bonet-Moron, Jhorland Ayala-García
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