Central Banking

ECB research uses game theory to assess optimal T2S adaptation

Euro sign, Frankfurt

Research by the European Central Bank (ECB) has found an optimal formula for the degree to which central securities depositories (CSDs) should perform a costly one-off adaptation to the Target2 Securities (T2S) programme.

The working paper, Optimal CSD reshaping towards T2S, by Fabien Mercier and Stephan Sauer, applies a game theoretic approach to model the trade-off between a high cost now and being able to better harness the potential of T2S later. They derive a formula for the optimal

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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