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Title:Which bank is the central bank? An application of Markov theory to the Canadian large value transfer system PDF Logo
Authors:Bech, Morten
Chapman, James T. E.
Garratt, Rod
Issue Date:2008
Series/Report no.:Bank of Canada Working Paper 2008,42
Abstract:We use a method similar to Google's PageRank procedure to rank banks in the Canadian Large Value Transfer System (LVTS). Along the way we obtain estimates of the payment processing speeds for the individual banks. These differences in processing speeds are essential for explaining why observed daily distributions of liquidity differ from the initial distributions, which are determined by the credit limits selected by banks.
Subjects:C11
E50
G20
JEL:C11
E50
G20
Document Type:Working Paper
Appears in Collections:Bank of Canada Working Papers

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