Gridlock Resolution in Interbank Payment Systems
نویسندگان
چکیده
منابع مشابه
A competitive multi-agent model of interbank payment systems
We develop a dynamic multi-agent model of an interbank payment system where banks choose their level of available funds on the basis of private payoff maximisation. The model consists of the repetition of a simultaneous move stage game with incomplete information, incomplete monitoring, and stochastic payoffs. Adaptation takes place with Bayesian updating, with banks maximizing immediate payoff...
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This paper derives from work completed while I was a visiting scholar at the Bank of Japan’s Institute for Monetary and Economic Studies. I thank the institute’s staff for their hospitality and assistance and for their willingness to discuss these issues with me. The views expressed herein are the author’s and do not represent the views of the Bank of Japan, the Federal Reserve Bank of Richmond...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2001
ISSN: 1556-5068
DOI: 10.2139/ssrn.274290