2009
E:42
Simulation analyses and stress testing of payment networks
Author(s): Harry Leinonen (ed.)
2009. 345 pages.
Publisher: Bank of Finland
ISBN 978-952-462-512-8 (Printed publication)
ISBN 978-952-462-513-5 (Web publication)
Search words: simulation, payment and settlement system, liquidity, gridlock, system rist, network topology, E:42, C15, C61, D53, G10, G18, G28, Harry Leinonen
This publication consists of ten separate studies on payment and settlement systems employing simulation techniques. Most of these were carried out using the payment and settlement system simulator BoF-PSS2 provided by the Bank of Finland. The preliminary versions were presented at the annual simulator seminars arranged by the Bank in 2007 and 2008. The main focus of the analyses is on continuity arrangements, operational stability, liquidity requirements, liquidity economising, gridlock resolution, transaction queuing arrangements, network features and network topologies. The studies examine systems in several countries and cover different kinds of payment systems and regimes.