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Settlement liquidity and monetary policy implementation—lessons from the financial crisis. (2012). McAndrews, James ; Martin, Antoine ; Bech, Morten.
In: Economic Policy Review.
RePEc:fip:fednep:y:2012:i:mar:p:3-20:n:v.18no.1.

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  1. When It Rains, It Pours: Cyber Vulnerability and Financial Conditions. (2025). Lee, Michael ; Kovner, Anna ; Eisenbach, Thomas.
    In: Economic Policy Review.
    RePEc:fip:fednep:99463.

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  2. When It Rains, It Pours: Cyber Risk and Financial Conditions. (2022). Lee, Michael ; Kovner, Anna ; Eisenbach, Thomas.
    In: Staff Reports.
    RePEc:fip:fednsr:94414.

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  3. An early stablecoin? The Bank of Amsterdam and the governance of money. (2020). Wierts, Peter ; Shin, Hyun Song ; Frost, Jon.
    In: Working Papers.
    RePEc:dnb:dnbwpp:696.

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  4. Intraday liquidity facilities, late settlement fee and coordination. (2019). Nellen, Thomas.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:106:y:2019:i:c:p:124-131.

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  5. Interest on Reserves and Arbitrage in Post-Crisis Money Markets. (2017). Macchiavelli, Marco ; Keating, Thomas.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2017-124.

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  6. Interest on reserves, settlement, and the effectiveness of monetary policy. (2017). Hendrickson, Joshua.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:54:y:2017:i:pb:p:208-216.

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  7. Risk indicators for financial market infrastructure: from high frequency transaction data to a traffic light signal. (2017). Berndsen, Ron ; Heijmans, Ronald.
    In: Working Papers.
    RePEc:dnb:dnbwpp:557.

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  8. The payment system benefits of high reserve balances. (2016). McAndrews, James ; Kroeger, Alexander.
    In: Staff Reports.
    RePEc:fip:fednsr:779.

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  9. Central bank intervention in large value payment systems: An experimental approach. (2015). Heijmans, Ronald ; Heemeijer, Peter.
    In: Working Papers.
    RePEc:dnb:dnbwpp:466.

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  10. Funding, Collateral and Hedging: uncovering the mechanics and the subtleties of funding valuation adjustments. (2012). Pallavicini, Andrea ; Brigo, Damiano ; Perini, Daniele .
    In: Papers.
    RePEc:arx:papers:1210.3811.

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References

References cited by this document

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  16. Bowman, D., E. Gagnon, and M. Leahy. 2010. âInterest on Excess Reserves as a Monetary Policy Instrument: The Experience of Foreign Central Banks.â Board of Governors of the Federal Reserve System International Finance Discussion Papers, no. 996, March.

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  27. Martin, A. 2004. âOptimal Pricing of Intraday Liquidity.â Journal of Monetary Economics 51, no. 2 (March): 401-24.

  28. Martin, A., and J. McAndrews. 2008. âLiquidity-Saving Mechanisms.â Journal of Monetary Economics 55, no. 3 (April): 554-67.
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  29. McAndrews, J. 2006. âAlternative Arrangements for the Distribution of Intraday Liquidity.â Federal Reserve Bank of New York Current Issues in Economics and Finance 12, no. 3 (April).
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  30. McAndrews, J. J., and S. M. Potter. 2002. âLiquidity Effects of the Events of September 11, 2001.â Federal Reserve Bank of New York Economic Policy Review 8, no. 2 (November): 59-79.

  31. McAndrews, J., and S. Rajan. 2000. âThe Timing and Funding of Fedwire Funds Transfers.â Federal Reserve Bank of New York Economic Policy Review 6, no. 2 (July): 17-32.
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  32. Mills, Jr., D. C., and T. D. Nesmith. 2008. âRisk and Concentration in Payment and Securities Settlement Systems.â Journal of Monetary Economics 55, no. 3 (April): 542-53.

  33. Newey, W. K., and K. D. West. 1987. âA Simple, Positive SemiDefinite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix.â Econometrica 55, no. 3 (May): 703-8.

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  35. References (Continued) FRBNY Economic Policy Review / March 2012 25 Fleming, M. J. 2003. âMeasuring Treasury Market Liquidity.â Federal Reserve Bank of New York Economic Policy Review 9, no. 3 (September): 83-108.

  36. Reserve Bank of New Zealand. 2006. âReform of the Reserve Bank of New Zealandâs Liquidity Management Operations.â June.
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  37. Senior Supervisors Group. 2009. âRisk Management Lessons from the Global Banking Crisis of 2008.â October 21. Available at http:// www.newyorkfed.org/newsevents/news_archive/banking/2009/ SSG_report.pdf. The views expressed are those of the authors and do not necessarily reflect the position of the Bank for International Settlements, the Federal Reserve Bank of New York, or the Federal Reserve System. The Federal Reserve Bank of New York provides no warranty, express or implied, as to the accuracy, timeliness, completeness, merchantability, or fitness for any particular purpose of any information contained in documents produced and provided by the Federal Reserve Bank of New York in any form or manner whatsoever.
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Cocites

Documents in RePEc which have cited the same bibliography

  1. Currents of Liquidity Flows Created by the Different Type of Payments: the Case of SPEI. (2016). Sarlin, Peter ; Kabadjova, Biliana Alexandrova.
    In: Intelligent Systems in Accounting, Finance and Management.
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  2. Sequential payments and optimal pricing in payment systems. (2016). Ota, Tomohiro.
    In: Annals of Finance.
    RePEc:kap:annfin:v:12:y:2016:i:3:d:10.1007_s10436-016-0287-3.

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  3. The payment system benefits of high reserve balances. (2016). McAndrews, James ; Kroeger, Alexander.
    In: Staff Reports.
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  4. Collateralised liquidity, two-part tariff and settlement coordination. (2015). Nellen, Thomas.
    In: Working Papers.
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  5. Challenges in identifying interbank loans. (2015). Copeland, Adam ; armantier, olivier.
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  6. Liquidity risk and policy options. (2015). Maddaloni, Giuseppe .
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  7. Changes in Payment Timing in Canada’s Large Value Transfer System. (2015). Zhang, Yinan Nellie.
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  8. The Role of Counterparty Risk in CHAPS Following the Collapse of Lehman Brothers. (2014). Zimmerman, Peter ; Garratt, Rodney ; Benos, Evangelos.
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  9. An Empirical Study of Trade Dynamics in the Fed Funds Market. (2014). Lagos, Ricardo ; Afonso, Gara.
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  10. Liquidity-saving mechanisms in collateral-based RTGS payment systems. (2013). Martin, Antoine ; Jurgilas, Marius.
    In: Annals of Finance.
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  11. Managing Intraday Liquidity: The Mexican Experience. (2013). Solis-Robleda, Francisco ; Alexandrova-Kabadjova, Biliana.
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  12. Diagnostics for the financial markets: computational studies of payment system: Simulator Seminar Proceedings 2009-2011. (2012). .
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  13. An empirical study of trade dynamics in the interbank market. (2012). Lagos, Ricardo ; Afonso, Gara.
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  14. Settlement liquidity and monetary policy implementation—lessons from the financial crisis. (2012). McAndrews, James ; Martin, Antoine ; Bech, Morten.
    In: Economic Policy Review.
    RePEc:fip:fednep:y:2012:i:mar:p:3-20:n:v.18no.1.

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  15. Bank behaviour and risks in CHAPS following the collapse of Lehman Brothers. (2012). Zimmerman, Peter ; Garratt, Rodney ; Benos, Evangelos.
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  16. The Mexican Experience in How the Settlement of Large Payments is Performed in the Presence of a High Volume of Small Payments. (2012). Solis-Robleda, Francisco ; Alexandrova-Kabadjova, Biliana.
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  17. Precautionary Demand and Liquidity in Payment Systems. (2011). Shin, Hyun Song ; Afonso, Gara.
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  18. Production, hidden action, and the payment system. (2011). Haslag, Joseph ; Gu, Chao ; Guzman, Mark.
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  19. Liquidity requirements and payment delays - participant type dependent preferences. (2011). Schulz, Christian.
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  20. Intraday two-part tariff in payment systems. (2011). Ota, Tomohiro.
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  21. Cuantificación de la contribución de las fuentes de liquidez en el Sistema de Pagos de Alto Valor en Colombia: una aproximación preliminar. (2011). Ortega, Fabio ; Cepeda-Lopez, Freddy ; Bernal, Joaquin ; Freddy Cepeda L., ; Fabio Ortega C., .
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  22. Production, Hidden Action, and the Payment System. (2010). Haslag, Joseph ; Gu, Chao ; Guzman, Mark.
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  23. Settlement delays in the money market. (2010). McAndrews, James ; Hilton, Spence ; Bartolini, Leonardo.
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  24. Banks intraday liquidity management during operational outages: Theory and evidence from the UK payment system. (2010). Schanz, Jochen ; merrouche, ouarda.
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  25. Why pay? An introduction to payments economics. (2009). Roberds, William ; Kahn, Charles.
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  26. Precautionary Demand and Liquidity in Payment Systems. (2008). Shin, Hyun Song ; Afonso, Gara.
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  27. Settlement delays in the money market. (2008). McAndrews, James ; Hilton, Spence.
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  28. An economic analysis of liquidity-saving mechanisms. (2008). McAndrews, James ; Martin, Antoine.
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  29. The timing and funding of CHAPS sterling payments. (2008). Tudela, Merxe ; Galbiati, Marco ; Becher, Christopher .
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