You might also like

More about Technology Diffusion Within Central Banking

• Book details
• Synopsis
• Trending among others

You get 37 loyalty points

Book 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.

Book details

Book category Books in English Society & social sciences Politics & government

• Full title: Technology Diffusion Within Central Banking
• Subtitle: The Case of Real-Time Gross Settlement
• Author: Morten L Hobjin
• Language: English
• Binding: Paperback
• Number of pages: 38
• EAN: 9781249560487
• ISBN: 9781249560487
• ID: 08140126
• Publisher: Bibliogov
• Weight: 86 g
• Dimensions: 246 × 189 × 2 mm
• Date of publishing: 01. September 2012

Trending among others

---

---

---