We have benefited from the comments and suggestions of Carlos Arango, Neville Arjani, Walter Engert, Marco Galbiati, Alexandra Lai, Lucy Liu, Dinah Maclean, Cesaire Meh, Sean O’Connor, William Roberds, Randall Wright, two anonymous referees, and seminar participants at the Bank of Canada, the Bank of England, Federal Reserve Bank of Chicago, Federal Reserve Bank of Kansas City, University of Wisconsin-Madison, 2008 Economics of Payments III at the Federal Reserve Bank of Atlanta, and 2008 North American Summer Meeting of the Econometric Society. The views expressed in the paper are those of the authors. No responsibility for them should be attributed to the Bank of Canada.
A Model of Tiered Settlement Networks
Version of Record online: 17 MAR 2013
© 2013 The Ohio State University
Journal of Money, Credit and Banking
Volume 45, Issue 2-3, pages 327–347, March-April 2013
How to Cite
CHAPMAN, J., CHIU, J. and MOLICO, M. (2013), A Model of Tiered Settlement Networks. Journal of Money, Credit and Banking, 45: 327–347. doi: 10.1111/jmcb.12004
- Issue online: 17 MAR 2013
- Version of Record online: 17 MAR 2013
- Received May 27, 2010; and accepted in revised form May 14, 2012.
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