000001499 001__ 1499
000001499 005__ 20250211155828.0
000001499 0247_ $$a10.34989/swp-2008-42$$2DOI
000001499 035__ $$a10.34989/swp-2008-42
000001499 041__ $$aeng
000001499 084__ $$aC Mathematical and Quantitative Methods$$02849
000001499 084__ $$aC1 Econometric and Statistical Methods and Methodology: General$$02853
000001499 084__ $$aC11 Bayesian Analysis: General$$02855
000001499 084__ $$aE Macroeconomics and Monetary Economics$$03005
000001499 084__ $$aE5 Monetary Policy, Central Banking, and the Supply of Money and Credit$$03043
000001499 084__ $$aE50 General$$03044
000001499 084__ $$aG Financial Economics$$03122
000001499 084__ $$aG2 Financial Institutions and Services$$03136
000001499 084__ $$aG20 General$$03137
000001499 245__ $$aWhich Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer System
000001499 260__ $$bBank of Canada
000001499 269__ $$a2008
000001499 300__ $$a1 online resource (iii, 18 pages)
000001499 336__ $$aText
000001499 347__ $$bPDF
000001499 520__ $$aWe use a method similar to Google's PageRank procedure to rank banks in the Canadian Large Value Transfer System (LVTS). Along the way we obtain estimates of the payment processing speeds for the individual banks. These differences in processing speeds are essential for explaining why observed daily distributions of liquidity differ from the initial distributions, which are determined by the credit limits selected by banks.$$7Abstract
000001499 520__ $$aLes auteurs appliquent au système canadien de transfert de paiements de grande valeur une méthode similaire à l'algorithme PageRank de Google. Ils obtiennent ainsi une estimation de la vitesse de traitement des paiements dans chaque banque. L'analyse des différences entre banques à ce chapitre est essentielle si l'on veut comprendre pourquoi la distribution moyenne de la liquidité pour la journée diffère de la distribution observée en début de journée, qui est fonction des limites de crédit établies par les banques.$$7Résumé
000001499 540__ $$aCreative Commons Attribution 4.0 International$$uhttps://creativecommons.org/licenses/by/4.0/legalcode$$fCC-BY-4.0
000001499 6531_ $$aPayment clearing and settlement systems
000001499 6531_ $$aSystèmes de compensation et de règlement des paiements
000001499 7001_ $$aBech, Morten
000001499 7001_ $$aChapman, James
000001499 7001_ $$aGarratt, Rod
000001499 789__ $$w1701-9397$$2ISSN$$eIsPartOf
000001499 791__ $$aJournalArticle$$eIsPreviousVersionOf$$iStaff Working Paper is published in peer-reviewed journal$$2DOI$$tWhich bank is the “central” bank?$$w10.1016/j.jmoneco.2010.01.002$$c2010$$dJournal of Monetary Economics (Elsevier)$$j57$$k3$$o352$$q363
000001499 8301_ $$aStaff Working Paper
000001499 8301_ $$aDocument de travail du personnel
000001499 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/1499/files/wp08-42.pdf$$9e859b09c-14d3-4a2b-94bc-9f6c6ceefcbe$$s940316$$zFile Source: Bank of Canada website, 2024
000001499 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:1499$$pbibliographic
000001499 980__ $$aStaff Research
000001499 980__ $$aRDM
000001499 991__ $$aPublic