Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210766 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
Bank of Canada Staff Working Paper No. 2019-26
Publisher: 
Bank of Canada, Ottawa
Abstract: 
This paper describes a proposal for operating a centralized netting queue for non-urgent interbank payments that involves take-it-or-leave-it offers and allocates liquidity costs using the Shapely value. This method achieves fairness and ensures welfare maximizing netting proposals are agreeable to all providers of liquidity.
Subjects: 
Payment clearing and settlement systems
JEL: 
C72
E58
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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