Previous Chapter: 3 Systemic Risk in Ecology and Engineering
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 55
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 56
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 57
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 58
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 59
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 60
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 61
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 62
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 63
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 64
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 65
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 66
Suggested Citation: "4 The Payments System and the Market for Interbank Funds." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
Page 67
Next Chapter: 5 Concluding Observations
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