00000nam 2200000za 4500 9.850770 CaOODSP 20221107154231 cr ||||||||||| 180126s2018 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-6/2018-2E-PDF Perez-Saiz, Hector. Tail risk in a retail payment system [electronic resource] : an extreme-value approach / by Hector Perez-Saiz, Blair Williams and Gabriel Xerri. [Ottawa] : Bank of Canada, 2018. ii, 24 p. : col. charts. Bank of Canada staff discussion paper, 1914-0568 ; 2018-2 "January 2018." Includes bibliographical references (p. 12). "The increasing importance of risk management in payment systems has led to the development of an array of sophisticated tools designed to mitigate tail risk in these systems. In this paper, we use extreme value theory methods to quantify the level of tail risk in the Canadian retail payment system (ACSS) for the period from 2002 to 2015. Our analysis shows that tail risk has been increasing over the years, but the pace of growth has been reduced towards the end of our data sample, which suggests a slower rate of growth of collateral required to cover that risk"--Abstract, p. ii. Includes abstract in French. gccst Retail trade gccst Sales gccst Payment Williams, Blair. Xerri, Gabriel. Bank of Canada. Staff discussion paper (Bank of Canada) 1914-0568 ; 2018-2. (CaOODSP)9.806273 PDF 1.31 MB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-6-2018-2-eng.pdf