Payment Systems, Monetary Policy and the Role of the Central Bank

By Omotunde E. G. Johnson, Jean-Marc Destresse, Nicholas Roberts, Mark Swinburne, Tonny Lybek, Richard K. Abrams

March 18, 1998

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Omotunde E. G. Johnson, Jean-Marc Destresse, Nicholas Roberts, Mark Swinburne, Tonny Lybek, and Richard K. Abrams Payment Systems, Monetary Policy and the Role of the Central Bank, (USA: International Monetary Fund, 1998) accessed November 21, 2024

Summary

A payment system encompasses a set of instruments and means generally acceptable in making payments; the institutional and organizational framework governing such payments, including prudential regulation; and the operating procedures and communications network used to initiate and transmit payment information from payer to payee and to settle payments. This book, by Omotunde E.G. Johnson, with Richard K. Abrams, Jean-Marc Destresse, Tony Lybek, Nicholas Roberts, and Mark Swinburne, identifies main policy and strategic issues in payment system reform, describes the structure of payment systems in selected countries, highlights areas of consensus, and suggests the direction for future policy analysis.

Subject: Banking, Commercial banks, Correspondent banking, Credit, Financial institutions, Financial markets, Financial services, Money, Payment systems, Real time gross settlement systems

Keywords: Baltics, Bank, BOOK, Central bank, Commercial banks, Correspondent banking, Credit, Global, Management responsibility, North America, Payment, Payment finality, Payment instruction, Payment order, Payment service, Payment system, Payment systems, Real time gross settlement systems, Sub-Saharan Africa, Value, West Africa

Publication Details

Pages:

275
Volume:

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Books
Stock No:

PSMPEA0000000
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