Reaction functions of the participants in Colombia's large-value payment system

Borradores de Economia
Número: 
875
Publicado: 
Clasificación JEL: 
G21, E42, C24
Palabras clave: 
Payment System, Operational Incidents, Payment Reaction Function
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Large value payment flows can be disrupted by several types of failures such as operational incidents, problems experienced by the administrator of the payments settlement system, outages in the communications networks and the inability of a participant t