Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy:
The objectives and functions of payments systems in centrally planned economies are described and analyzed. These are compared to those of payments systems in market economies and to the characteristics of an ideal payments system. The dominant role of the state in the centrally planned economies me...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1992
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Schriftenreihe: | IMF Working Papers
Working Paper No. 92/95 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
Zusammenfassung: | The objectives and functions of payments systems in centrally planned economies are described and analyzed. These are compared to those of payments systems in market economies and to the characteristics of an ideal payments system. The dominant role of the state in the centrally planned economies meant that the state underwrote virtually all payments risk. With the withdrawal of the state, however, participants became exposed to credit, liquidity, and operational risks. In the transition, the central bank has a key role to play in payments systems. Areas where rapid improvements are possible are: accounting, clearing, settlement, netting and standardization |
Beschreibung: | 1 Online-Ressource (49 p) |
ISBN: | 1451851766 9781451851762 |
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spelling | Hook, Andrew T. Verfasser aut Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy Hook, Andrew T Washington, D.C International Monetary Fund 1992 1 Online-Ressource (49 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 92/95 The objectives and functions of payments systems in centrally planned economies are described and analyzed. These are compared to those of payments systems in market economies and to the characteristics of an ideal payments system. The dominant role of the state in the centrally planned economies meant that the state underwrote virtually all payments risk. With the withdrawal of the state, however, participants became exposed to credit, liquidity, and operational risks. In the transition, the central bank has a key role to play in payments systems. Areas where rapid improvements are possible are: accounting, clearing, settlement, netting and standardization Online-Ausg http://elibrary.imf.org/view/IMF001/04523-9781451851762/04523-9781451851762/04523-9781451851762.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hook, Andrew T. Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy |
title | Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy |
title_auth | Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy |
title_exact_search | Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy |
title_exact_search_txtP | Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy |
title_full | Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy Hook, Andrew T |
title_fullStr | Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy Hook, Andrew T |
title_full_unstemmed | Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy Hook, Andrew T |
title_short | Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy |
title_sort | managing payment system risk during the transition from a centrally planned to a market economy |
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