Książka Technology Diffusion Within Central Banking Morten L Hobjin

Technology Diffusion Within Central Banking

The Case of Real-Time Gross Settlement

Język: Angielski
Oprawa: Miękka
Wydawca: Bibliogov
Dostępność: Dostępna u dostawcy
Wysyłamy za 9-15 dni
67.18
We examine the diffusion of the real-time gross settlement (RTGS) technology across the world's 174...

Informacje o książce

Język
Angielski
Oprawa
Książka - Miękka
Data wydania
2012
strony
38
EAN
9781249560487
ISBN
9781249560487
Enbook ID
08140126
Wydawca
Waga
86
Wymiary
189 x 246 x 2

Pełny opis

We examine the diffusion of the real-time gross settlement (RTGS) technology across the world's 174 central banks. RTGS reduces settlement risk and facilitates financial innovation in, for example, the settlement of foreign exchange trades. In 1985 only three central banks had implemented RTGS systems; by year-end 2006 that number had increased to ninetythree. We find that the RTGS diffusion process is consistent with a standard S-shaped curve. Real GDP per capita, the relative price of capital, and trade patterns explain a significant part of the cross-country variation in RTGS adoption. These determinants are remarkably similar to those that seem to drive cross-country adoption patterns of other technologies.

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