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

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.

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Author:
Mr. Omotunde E. G. Johnson
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Mr. Jean-Marc Destresse https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Nicholas Roberts https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Mark Swinburne
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Mr. Tonny Lybek
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Mr. Richard K. Abrams
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Series:
Books
Publisher:
International Monetary Fund
Language:
English
Publication Date:
18 Mar 1998
DOI:
https://doi.org/10.5089/9781557756268.071
ISBN:
9781557756268
Pages:
275
Keywords:
BOOK; payment; central bank; bank; value; payment order; payment system; management responsibility; payment finality; payment instruction; payment service; Payment systems; Credit; Real time gross settlement systems; Correspondent banking; Commercial banks; Global; North America; Baltics; Sub-Saharan Africa; West Africa
Legal-disclaimer:
The views expressed in this book are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. The boundaries, colors, denominations, and any other information shown on the maps do not imply, on the part of the IMF, any judgment on the legal status of any territory or any endorsement or acceptance of such boundaries.
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