Abstract
Payment system risks were the “major minor” banking policy issue of the 1980s. They were minor issues in that they were of interest mainly to the Federal Reserve System and to bank operations officers; they were major issues in that they supposedly involved significant risks and that they were a source of constant regulatory pressure on banks.
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Mengle, D.L. (1995). Regulatory Solutions to Payment System Risks: Lessons from Privately Negotiated Derivatives. In: Benink, H.A. (eds) Coping with Financial Fragility and Systemic Risk. Financial and Monetary Policy Studies, vol 30. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-2373-1_13
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DOI: https://doi.org/10.1007/978-1-4757-2373-1_13
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