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Settlement Systems (settlement + system)

Distribution by Scientific Domains
Humanities and Social Sciences66%

Selected Abstracts

The Choice Among Interbank Settlement Systems: The European Experience

ECONOMIC NOTES, Issue 1 2003
Angelo Baglioni
This paper addresses the choice of banks between alternative channels for interbank payments. The conventional view assumes a tradeoff between the safety of real-time gross settlement (RTGS) and the liquidity savings of multilateral netting. Moreover, correspondent banking is believed to be inefficient, both in terms of liquidity and of administrative costs. In the last decade, however, the impulse of the Committee on Payment and Settlement Systems, technological changes and the management of RTGS systems by central banks have reduced the difference between the various systems. This is especially true for risk, whereas liquidity cost crucially depends on the refinancing policy adopted by the central bank and the co-ordination among the participants. On the basis of the recent evolution of payment systems in Europe, we verify the importance of liquidity, as well as other variables like transaction costs, for the choice of banks among different settlement systems. Cost factors imply that the nature of payments flows (value, commercial versus financial) and some structural features of the banking systems (dimension of the intermediaries, concentration of the banking sector) become important. The analysis is carried out both through a theoretical model and a cross-country comparison based on three data sources: ECB (European Central Bank, EBA (Euro Banking Association) and SWIFT (Society for Worldwide Interbank Financial Telecommunication). [source]

Settlement Systems in the Evolution

GEOGRAFISKA ANNALER SERIES B: HUMAN GEOGRAPHY, Issue 2 2000
Denise Pumain
First page of article [source]

Trade Liberalization and the Geography of Production: Agglomeration, Concentration, and Dispersal in Indonesia's Manufacturing Industry

ECONOMIC GEOGRAPHY, Issue 3 2004
Örjan Sjöberg
Abstract: The effect of the liberalization of trade on the spatial concentration of economic activities is not straightforward. It has been widely argued that protectionism increases spatial concentration as firms locate close to the main domestic markets. However, it has also been argued that an expansion of international trade primarily favors existing industrial centers and therefore leads to increased regional inequalities. Against the background of ongoing debates in both mainstream economics and in geography, we examine the spatial concentration of manufacturing in Indonesia between 1980 and 1996, a period when Indonesia substantially liberalized its trade regime. The high concentration did not decrease during this period, and establishments that engaged in international trade were actually comparably concentrated. We discuss some possible explanations for the spatial concentration in Indonesia and conclude that a host of factors may affect the outcome of trade liberalizations. In particular, the spatial configuration of the national settlement system is a potentially important factor in this regard. [source]

The Choice Among Interbank Settlement Systems: The European Experience

ECONOMIC NOTES, Issue 1 2003
Angelo Baglioni
This paper addresses the choice of banks between alternative channels for interbank payments. The conventional view assumes a tradeoff between the safety of real-time gross settlement (RTGS) and the liquidity savings of multilateral netting. Moreover, correspondent banking is believed to be inefficient, both in terms of liquidity and of administrative costs. In the last decade, however, the impulse of the Committee on Payment and Settlement Systems, technological changes and the management of RTGS systems by central banks have reduced the difference between the various systems. This is especially true for risk, whereas liquidity cost crucially depends on the refinancing policy adopted by the central bank and the co-ordination among the participants. On the basis of the recent evolution of payment systems in Europe, we verify the importance of liquidity, as well as other variables like transaction costs, for the choice of banks among different settlement systems. Cost factors imply that the nature of payments flows (value, commercial versus financial) and some structural features of the banking systems (dimension of the intermediaries, concentration of the banking sector) become important. The analysis is carried out both through a theoretical model and a cross-country comparison based on three data sources: ECB (European Central Bank, EBA (Euro Banking Association) and SWIFT (Society for Worldwide Interbank Financial Telecommunication). [source]

DIFFERENTIAL SUBURBAN DEVELOPMENT IN THE PRAGUE URBAN REGION

GEOGRAFISKA ANNALER SERIES B: HUMAN GEOGRAPHY, Issue 2 2007
Martin Ou
ABSTRACT. Numerous authors have asserted that suburbanization contributes to many problems in both suburban and inner city localities. Research of suburban development demonstrates variations in spatial patterns, the intensity of spatial processes, and the social and economic status of new suburbanites. While some forms of suburban development could cause serious problems throughout the urban region, other forms could be perceived as processes improving the quality of life in suburbia. This paper seeks to investigate different types of suburban development in the Prague urban region over the past fifteen years of transformation. The focus of my interest is residential suburbanization, which is one of the most significant spatial processes today in the settlement systems of post-socialist countries. The theoretical part of the contribution deals with the differentiation of spatial processes changing the suburban zone. Here I discuss the concepts of several processes of suburban development and their distinctive impact on both suburban and inner city localities. The empirical part of the contribution is based on an analysis of migration flows in the various localities of the Prague urban region in the period 1995 to 2003. I attempt to describe the magnitude and spatial patterns of suburbanization and the composition of migrants to suburbia. The paper concludes with a discussion about the possible future development of suburbanization in the Prague urban region. [source]

Wankarani settlement systems in evolutionary perspective , Timothy L. McAndrews

THE JOURNAL OF THE ROYAL ANTHROPOLOGICAL INSTITUTE, Issue 3 2006
Mark Aldenderfer
[source]