Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211887 
Year of Publication: 
2001
Series/Report no.: 
Bank of Finland Discussion Papers No. 9/2001
Publisher: 
Bank of Finland, Helsinki
Abstract: 
The paper analyses the severity of gridlocks in interbank payment systems operating on a real time basis and evaluates by means of simulations the merits of a gridlock resolution algorithm.Data used in the simulations consist of actual payments settled in the Danish and Finnish RTGS systems.The algorithm is found to be applicable to a real time environment and effective in reducing queuing in the systems at all levels of liquidity, but in particular when intra-day liquidity is scarce
Persistent Identifier of the first edition: 
ISBN: 
951-686-719-7
Document Type: 
Working Paper

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