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The evolution of real-time gross settlement : access, liquidity and credit, and pricing (Английский)

This paper identifies and analyzes some policy issues arising from central bank experience and practice in supporting real-time gross settlement (RTGS) systems, both as settlement authorities and as service-providing RTGS system operators. A decade of experience with RTGS across financial systems in different stages of development, in an increasingly globalized marketplace, has revealed a number of practical problems for both central banks and the...
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