| Title |
The system for simulating interbank settlements / |
| Another Title |
Bankinių atsiskaitymų modeliavimas. |
| Authors |
Bakšys, Donatas ; Sakalauskas, Leonidas |
| DOI |
10.3846/13928619.2007.9637818 |
| Full Text |
|
| Is Part of |
Ūkio technologinis ir ekonominis vystymas = Technological and economic development of economy.. Vilnius : Technika. 2007, t. 13, Nr. 4, p. 323-332.. ISSN 1392-8619. eISSN 1822-3613 |
| Keywords [eng] |
Interbank payments ; Settlements ; Payments flow ; Modelling of interbank payment |
| Abstract [eng] |
The aim of this paper is a study of the system for simulating interbank settlements. Interbank payment and settlement systems establish conditions for the circulation of financial funds on the market and guarantee the distribution of assets. Practical experiments in an active system are very risky. They demand to simulate their operation through a system by creating its mathematical model. By perfecting the processing of settlements and/or developing algorithms for solving the gridlocks or by applying the tools of refinancing and using reserves of requirements, one can change the efficiency of settlement systems. The results of the study by Monte-Carlo simulation are given, based on data of the payment and settlement system of the Bank of Lithuania. |
| Published |
Vilnius : Technika |
| Type |
Journal article |
| Language |
English |
| Publication date |
2007 |
| CC license |
|
