Central Banks and the Payment System

  • David B. Humphrey
Chapter

Abstract

Central bank involvement in the payment system has traditionally focused on insulating the real economy from disruptions in the banking system. Since the banking system is also the payment system, activities such as bank examination, discount window lending, deposit insurance, capital requirements, and recent efforts to reduce settlement failure risks on large value payment networks all contribute to minimising payment system disruptions. The purpose of this paper is to outline seven areas associated with the payment system which deserve, and in some countries have received, greater central bank attention. These areas primarily concern payment system cost, operating efficiency, and access.

Keywords

Central Bank Credit Card Payment System Cash Holding Resale Price Maintenance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • David B. Humphrey
    • 1
  1. 1.Florida State UniversityUSA

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