Liquidity crisis did not alter settlement method: Cleveland Fed paper

federal reserve

A Cleveland Federal Reserve paper, published on Thursday, argues that the rise in the price of liquidity during the financial crisis in Europe did not affect banks' decisions to send payments through net or gross settlement systems.

Ben Craig and Falko Fecht, the paper's authors, use a large portfolio of different econometric techniques to study whether the coexistence and potential substitution effects between the payments flow of net and settlement systems affects financial stability. The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: