Optimal Dynamic Clearing for Interbank Payments

S Chen, O Baron, N Chen - Management Science, 2024 - pubsonline.informs.org
We investigate the optimal clearing policy for a financial payment system composed of a
number of member banks and a central bank in a dynamic setting, when new payment …

[PDF][PDF] A network approach to critical functions assessment using financial market infrastructures data

J Fique - 2021 - clon.cemla.org
• Efficient financial intermediation can be a positive contributor to economic growth but
financial crises can have severe consequences.• The post-GFC crisis brought about a major …