Technology Diffusion Within Central Banking: The Case of Real-Time Gross Settlement - Softcover

Hobjin, Morten L

 
9781249560487: Technology Diffusion Within Central Banking: The Case of Real-Time Gross Settlement
Softcover
ISBN 10: 1249560489 ISBN 13: 9781249560487
Publisher: Bibliogov, 2012

Synopsis

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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Publisher
Bibliogov
Publication date
2012
Language
English
ISBN 10 
1249560489
ISBN 13 
9781249560487
Binding
Paperback
Number of pages
38

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9781297045745: Technology Diffusion Within Central Banking: The Case of Real-Time Gross Settlement - Scholar's Choice Edition

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ISBN 10:  1297045742 ISBN 13:  9781297045745
Publisher: Scholar's Choice, 2015
Softcover