Nonlinear Pricing and the Market for Settling Payments
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Money, Credit and Banking"
DOI: 10.1111/jmcb.12553
Abstract: Fedwire Funds is a real‐time gross settlement system that uses a decreasing block pricing scheme to attract nonurgent payments. A bank's optimal response to Fedwire's pricing depends on its perceived benefits to settling nonurgent payments… read more here.
Keywords: settlement; nonlinear pricing; settling payments; market settling ... See more keywords