Research Discussion Paper – RDP 2012-05 Payment System Design and Participant Operational Disruptions

Contents

• Introduction
• Literature Review
• Australia's RTGS System
• Methodology
• Results
• Conclusion
• Appendix A: Simulator Algorithms
• References

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We are grateful to Mark Manning, Andrea Brischetto, Christopher Kent, other colleagues at the Reserve Bank of Australia, and participants at the Bank of Finland's 2009 Payment and Settlement System Simulation Seminar for their helpful comments. We would also like to thank Rod Phillips, Sammy Yousef and the Bank of Finland staff for their technical advice.