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| 01971cam 2200373zi 4500 |
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| 001 | 9.922341 |
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| 003 | CaOODSP |
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| 005 | 20230505145010 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 230505t20232023oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2023-26E-PDF |
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| 245 | 10|aHow banks create gridlock to save liquidity in Canada's large value payment system / |cby Rodney Garratt, Zhentong Lu and Phoebe Tian. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2023. |
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| 264 | 4|c©2023 |
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| 300 | |a1 online resource (2, 42 pages) : |bcharts |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2023-26 |
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| 500 | |a"Last updated: May 4, 2023." |
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| 504 | |aIncludes bibliographical references (pages 31-32). |
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| 520 | |a"Using detailed data from Canada’s new high-value payment system (HVPS), we show how participants of the system save liquidity by exploiting the new gridlock resolution arrangement. These observed behaviors are consistent with the equilibrium of a “gridlock game” that captures the key incentives that participants face in the system. The findings have important implications for the design of HVPSs and shed light on financial institutions’ liquidity preference"--Abstract. |
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| 546 | |aIncludes abstract in French. |
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| 650 | 0|aElectronic funds transfers|zCanada. |
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| 650 | 0|aBank liquidity|zCanada. |
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| 650 | 6|aTransferts électroniques de fonds|zCanada. |
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| 650 | 6|aBanques|xLiquidité|zCanada. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2023-26.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.70 MB|uhttps://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2023-26-eng.pdf |
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