The Role of Time-Critical Liquidity in Financial Markets
17 Pages Posted: 29 Jan 2014
Date Written: July 1, 2013
This article examines the growing dependence of global financial markets on time-critical liquidity in managing settlement risk and its implications for financial regulation.
Keywords: Liquidity, Clearing and Settlement Systems, Payment Systems, Financial Contracts, Financial Markets, Risk Management, Settlement Risk, Delivery versus Payment, Real-Time Gross Settlement, Payment versus Payment, Foreign Exchange, Securities, Derivatives, Central Counterparties, Collateral
JEL Classification: G10, H3, K2
Suggested Citation: Suggested Citation