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An application of Shapely value cost allocation to liquidity savings mechanisms / by Rodney J. Garratt.FB3-5/2019-26E-PDF

"This paper describes a proposal for operating a centralized netting queue for non-urgent interbank payments that involves take-it-or-leave-it offers and allocates liquidity costs using the Shapely value. This method achieves fairness and ensures welfare maximizing netting proposals are agreeable to all providers of liquidity"--Abstract.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.877264&sl=0

Publication information
Department/Agency
  • Bank of Canada.
TitleAn application of Shapely value cost allocation to liquidity savings mechanisms / by Rodney J. Garratt.
Series title
  • Bank of Canada staff working paper, 1701-9397 ; 2019-26
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "July 2019."
  • Includes bibliographical references (page 13)
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2019.
  • ©2019
Author / Contributor
  • Garratt, Rodney John,‏ 1963-‏ author.
Description1 online resource (ii, 13 pages).
Catalogue number
  • FB3-5/2019-26E-PDF
Subject terms
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