Technology Diffusion within Central Banking : The Case of Real-Time Gross Settlement ∗

@inproceedings{Bech2007TechnologyDW,
  title={Technology Diffusion within Central Banking : The Case of Real-Time Gross Settlement ∗},
  author={Morten L. Bech and Bart Hobijn},
  year={2007}
}
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… CONTINUE READING