Jump to Content
AREAER Online
IMF.org
Bookstore
IMF Data
MCM Data
Browse
Topics
Business and Economics
Agribusiness
Banks and Banking
Budgeting
Corporate Finance
Corporate Governance
Corporate Taxation
Crowdfunding
Econometrics
Economic Development
Economic Theory
Economics: General
Environmental Economics
Exports and Imports
Finance: General
Financial Risk Management
Forecasting
Foreign Exchange
Globalization
Industries: Automobile
Industries: Energy
Industries: Fashion and Textile
Industries: Financial Services
Industries: Food
Industries: General
Industries: Hospital,Travel and Tourism
Industries: Information Technololgy
Industries: Manufacturing
Industries: Service
Inflation
Information Management
Infrastructure
Insurance
International Economics
International Taxation
Investments: Bonds
Investments: Commodities
Investments: Derivatives
Investments: Energy
Investments: Futures
Investments: General
Investments: Metals
Investments: Mutual Funds
Investments: Options
Investments: Stocks
Islamic Banking and Finance
Labor
Macroeconomics
Money and Monetary Policy
Natural Resource Extraction
Personal Finance -Taxation
Production and Operations Management
Public Finance
Real Estate
Statistics
Sustainable Development
Taxation
Urban and Regional
Computers
Intelligence (AI) & Semantics
Cloud Computing
Computer Science
Data Processing
Data Transmission Systems
Databases
Internet: General
Management Information Systems
Online Safety & Privacy
Web Services & APIs
Web: Social Media
Health and Fitness
Diet and Nutrition
Diseases: Contagious
Diseases: AIDS and HIV
Diseases: Respiratory
Law
Banking
Business and Financial
Medical
Health Policy
Nature
Natural Resources
Environmental Conservation and Protection
Natural Disasters
Political Science
Environmental Policy
Social Services and Welfare
Agriculture & Food Policy
Civics and Citizenship
NGOs (Non-Governmental Organizations)
National and International Security
Political Economy
Science
Energy
Social Science
Women's Studies
Criminology
Demography
Emigration and Immigration
Gender Studies
Poverty and Homelessness
Technology and Engineering
Automation
Inventions
Mobile and Wireless Communications
Transportation
Aviation
Countries
Africa
Angola
Benin
Botswana
Burkina Faso
Burundi
Cabo Verde
Cameroon
Central African Republic
Chad
Comoros, Union of the
Congo, Democratic Republic of the
Congo, Republic of
Côte d'Ivoire
Equatorial Guinea, Republic of
Eritrea, The State of
Eswatini, Kingdom of
Ethiopia, The Federal Democratic Republic of
Gabon
Gambia, The
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho, Kingdom of
Liberia
Madagascar, Republic of
Malawi
Mali
Mauritius
Mozambique, Republic of
Namibia
Niger
Nigeria
Rwanda
São Tomé and PrÃncipe
Senegal
Seychelles
Sierra Leone
South Africa
South Sudan, Republic of
Tanzania, United Republic of
Togo
Uganda
Zambia
Zimbabwe
Asia and Pacific
Australia
Bangladesh
Bhutan
Brunei Darussalam
Cambodia
China, People's Republic of
Cook Islands
Fiji, Republic of
Hong Kong Special Administrative Region, People's Republic of China
India
Indonesia
Japan
Kiribati
Korea, Democratic People's Republic of
Korea, Republic of
Lao People's Democratic Republic
Macao Special Administrative Region, People's Republic of China
Malaysia
Maldives
Marshall Islands, Republic of the
Micronesia, Federated States of
Mongolia
Myanmar
Nauru, Republic of
Nepal
New Zealand
Norfolk Island
Palau, Republic of
Papua New Guinea
Philippines
Samoa
Singapore
Solomon Islands
Sri Lanka
Taiwan, Province of China
Thailand
Timor-Leste, Democratic Republic of
Tokelau
Tonga
Tuvalu
Vanuatu
Vietnam
Europe
land Islands
Albania
Andorra, Principality of
Austria
Belarus, Republic of
Belgium
Bermuda
Bosnia and Herzegovina
British Virgin Islands
Bulgaria
Cayman Islands
Croatia, Republic of
Cyprus
Czech Republic
Denmark
Estonia, Republic of
Faroe Islands
Finland
France
French Guiana
French Polynesia
Germany
Gibraltar
Greece
Greenland
Guernsey
Holy See
Hungary
Iceland
Ireland
Isle of Man
Israel
Italy
Jersey
Kosovo, Republic of
Latvia, Republic of
Liechtenstein
Lithuania, Republic of
Luxembourg
Malta
Martinique
Mayotte
Moldova, Republic of
Monaco
Montenegro
Netherlands, The
New Caledonia
North Macedonia, Republic of
Norway
Poland, Republic of
Portugal
Romania
Russian Federation
San Marino, Republic of
Serbia, Republic of
Slovak Republic
Slovenia, Republic of
Spain
Sweden
Switzerland
Türkiye, Republic of
Turks and Caicos Islands
Ukraine
United Kingdom
Wallis and Futuna Islands
Middle East and Central Asia
Afghanistan, Islamic Republic of
Algeria
Armenia, Republic of
Azerbaijan, Republic of
Bahrain, Kingdom of
Djibouti
Egypt, Arab Republic of
Georgia
Iran, Islamic Republic of
Iraq
Jordan
Kazakhstan, Republic of
Kuwait
Kyrgyz Republic
Lebanon
Libya
Mauritania, Islamic Republic of
Morocco
Oman
Pakistan
Qatar
Saudi Arabia
Somalia
Sudan
Syrian Arab Republic
Tajikistan, Republic of
Tunisia
Turkmenistan
United Arab Emirates
Uzbekistan, Republic of
Yemen, Republic of
Western Hemisphere
American Samoa
Anguilla
Antigua and Barbuda
Argentina
Aruba
Bahamas, The
Barbados
Belize
Bolivia
Brazil
Canada
Chile
Colombia
Costa Rica
Cuba
Curacao
Dominica
Dominican Republic
Ecuador
El Salvador
Grenada
Guam
Guatemala
Guyana
Haiti
Honduras
Jamaica
Mexico
Montserrat
Nicaragua
Panama
Paraguay
Peru
Puerto Rico
St. Martin
St. Kitts and Nevis
St. Lucia
St. Vincent and the Grenadines
Suriname
Trinidad and Tobago
United States
Uruguay
Venezuela
Series
Archived Series
Balance of Payments Statistics
Direction of Trade Statistics
Economic Issues
Government Finance Statistics
IMF Policy Discussion Papers
IMF Special Issues
IMF Staff Papers
IMF Staff Position Notes
IMF Survey
International Financial Statistics
Occasional Papers
Pamphlet Series
Seminar Volumes
World Economic and Financial Surveys
Books and Analytical Papers
Books
Departmental Papers
High-Level Summary Technical Assistance Reports
IMF Staff Country Reports
IMF Working Papers
Miscellaneous Publications
Per Jacobsson lecture
Policy Papers
Selected Issues Papers
Technical Assistance Reports
Flagships
External Sector Report
Fiscal Monitor
Global Financial Stability Report
Regional Economic Outlook
World Economic Outlook
Notes and Manuals
Analytical Notes
Fintech Notes
Gender Notes
Global Financial Stability Notes
Glossary
IMF How To Notes
IMF Notes
Manuals & Guides
Spillover Notes
Staff Climate Notes
Staff Discussion Notes
Tax Law Technical Note
Technical Notes and Manuals
Official Reports and Documents
Annual Report of the Executive Board
Articles of Agreement
By Laws, Rules & Regulations
IMF Speeches
Independent Evaluation Office Reports
Selected Decisions
Selected Legal and Institutional Papers Series
Summary Proceedings
Periodicals
Annual Report on Exchange Arrangements and Exchange Restrictions
Finance & Development
IMF Research Bulletin
IMF Research Perspectives
About
About Us
Contact Us
Content Directory
Frequently Asked Questions
IMF eLibrary Startup Guide
Set Up A Personal Account
Resources
Brochures and Posters
Corrections
Essential Reading
IMF Virtual Publications Booth
Metadata
Rights and Permissions
Tools for Authors
Advanced search
Help
Sign in
IMF Sites
IMF.org
Bookstore
AREAER Online
IMF Data
MCM Data
Browse
Topics
Business and Economics
Computers
Health and Fitness
Law
Medical
Nature
Political Science
Science
Social Science
Technology and Engineering
Transportation
Agribusiness
Banks and Banking
Budgeting
Corporate Finance
Corporate Governance
Corporate Taxation
Crowdfunding
Econometrics
Economic Development
Economic Theory
Economics: General
Environmental Economics
Exports and Imports
Finance: General
Financial Risk Management
Forecasting
Foreign Exchange
Globalization
Industries: Automobile
Industries: Energy
Industries: Fashion and Textile
Industries: Financial Services
Industries: Food
Industries: General
Industries: Hospital,Travel and Tourism
Industries: Information Technololgy
Industries: Manufacturing
Industries: Service
Inflation
Information Management
Infrastructure
Insurance
International Economics
International Taxation
Investments: Bonds
Investments: Commodities
Investments: Derivatives
Investments: Energy
Investments: Futures
Investments: General
Investments: Metals
Investments: Mutual Funds
Investments: Options
Investments: Stocks
Islamic Banking and Finance
Labor
Macroeconomics
Money and Monetary Policy
Natural Resource Extraction
Personal Finance -Taxation
Production and Operations Management
Public Finance
Real Estate
Statistics
Sustainable Development
Taxation
Urban and Regional
Intelligence (AI) & Semantics
Cloud Computing
Computer Science
Data Processing
Data Transmission Systems
Databases
Internet: General
Management Information Systems
Online Safety & Privacy
Web Services & APIs
Web: Social Media
Diet and Nutrition
Diseases: Contagious
Diseases: AIDS and HIV
Diseases: Respiratory
Banking
Business and Financial
Health Policy
Natural Resources
Environmental Conservation and Protection
Natural Disasters
Environmental Policy
Social Services and Welfare
Agriculture & Food Policy
Civics and Citizenship
NGOs (Non-Governmental Organizations)
National and International Security
Political Economy
Energy
Women's Studies
Criminology
Demography
Emigration and Immigration
Gender Studies
Poverty and Homelessness
Automation
Inventions
Mobile and Wireless Communications
Aviation
Countries
Africa
Asia and Pacific
Europe
Middle East and Central Asia
Western Hemisphere
Angola
Benin
Botswana
Burkina Faso
Burundi
Cabo Verde
Cameroon
Central African Republic
Chad
Comoros, Union of the
Congo, Democratic Republic of the
Congo, Republic of
Côte d'Ivoire
Equatorial Guinea, Republic of
Eritrea, The State of
Eswatini, Kingdom of
Ethiopia, The Federal Democratic Republic of
Gabon
Gambia, The
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho, Kingdom of
Liberia
Madagascar, Republic of
Malawi
Mali
Mauritius
Mozambique, Republic of
Namibia
Niger
Nigeria
Rwanda
São Tomé and PrÃncipe
Senegal
Seychelles
Sierra Leone
South Africa
South Sudan, Republic of
Tanzania, United Republic of
Togo
Uganda
Zambia
Zimbabwe
Australia
Bangladesh
Bhutan
Brunei Darussalam
Cambodia
China, People's Republic of
Cook Islands
Fiji, Republic of
Hong Kong Special Administrative Region, People's Republic of China
India
Indonesia
Japan
Kiribati
Korea, Democratic People's Republic of
Korea, Republic of
Lao People's Democratic Republic
Macao Special Administrative Region, People's Republic of China
Malaysia
Maldives
Marshall Islands, Republic of the
Micronesia, Federated States of
Mongolia
Myanmar
Nauru, Republic of
Nepal
New Zealand
Norfolk Island
Palau, Republic of
Papua New Guinea
Philippines
Samoa
Singapore
Solomon Islands
Sri Lanka
Taiwan, Province of China
Thailand
Timor-Leste, Democratic Republic of
Tokelau
Tonga
Tuvalu
Vanuatu
Vietnam
land Islands
Albania
Andorra, Principality of
Austria
Belarus, Republic of
Belgium
Bermuda
Bosnia and Herzegovina
British Virgin Islands
Bulgaria
Cayman Islands
Croatia, Republic of
Cyprus
Czech Republic
Denmark
Estonia, Republic of
Faroe Islands
Finland
France
French Guiana
French Polynesia
Germany
Gibraltar
Greece
Greenland
Guernsey
Holy See
Hungary
Iceland
Ireland
Isle of Man
Israel
Italy
Jersey
Kosovo, Republic of
Latvia, Republic of
Liechtenstein
Lithuania, Republic of
Luxembourg
Malta
Martinique
Mayotte
Moldova, Republic of
Monaco
Montenegro
Netherlands, The
New Caledonia
North Macedonia, Republic of
Norway
Poland, Republic of
Portugal
Romania
Russian Federation
San Marino, Republic of
Serbia, Republic of
Slovak Republic
Slovenia, Republic of
Spain
Sweden
Switzerland
Türkiye, Republic of
Turks and Caicos Islands
Ukraine
United Kingdom
Wallis and Futuna Islands
Afghanistan, Islamic Republic of
Algeria
Armenia, Republic of
Azerbaijan, Republic of
Bahrain, Kingdom of
Djibouti
Egypt, Arab Republic of
Georgia
Iran, Islamic Republic of
Iraq
Jordan
Kazakhstan, Republic of
Kuwait
Kyrgyz Republic
Lebanon
Libya
Mauritania, Islamic Republic of
Morocco
Oman
Pakistan
Qatar
Saudi Arabia
Somalia
Sudan
Syrian Arab Republic
Tajikistan, Republic of
Tunisia
Turkmenistan
United Arab Emirates
Uzbekistan, Republic of
Yemen, Republic of
American Samoa
Anguilla
Antigua and Barbuda
Argentina
Aruba
Bahamas, The
Barbados
Belize
Bolivia
Brazil
Canada
Chile
Colombia
Costa Rica
Cuba
Curacao
Dominica
Dominican Republic
Ecuador
El Salvador
Grenada
Guam
Guatemala
Guyana
Haiti
Honduras
Jamaica
Mexico
Montserrat
Nicaragua
Panama
Paraguay
Peru
Puerto Rico
St. Martin
St. Kitts and Nevis
St. Lucia
St. Vincent and the Grenadines
Suriname
Trinidad and Tobago
United States
Uruguay
Venezuela
Series
Archived Series
Books and Analytical Papers
Flagships
Notes and Manuals
Official Reports and Documents
Periodicals
Balance of Payments Statistics
Direction of Trade Statistics
Economic Issues
Government Finance Statistics
IMF Policy Discussion Papers
IMF Special Issues
IMF Staff Papers
IMF Staff Position Notes
IMF Survey
International Financial Statistics
Occasional Papers
Pamphlet Series
Seminar Volumes
World Economic and Financial Surveys
Books
Departmental Papers
High-Level Summary Technical Assistance Reports
IMF Staff Country Reports
IMF Working Papers
Miscellaneous Publications
Per Jacobsson lecture
Policy Papers
Selected Issues Papers
Technical Assistance Reports
External Sector Report
Fiscal Monitor
Global Financial Stability Report
Regional Economic Outlook
World Economic Outlook
Analytical Notes
Fintech Notes
Gender Notes
Global Financial Stability Notes
Glossary
IMF How To Notes
IMF Notes
Manuals & Guides
Spillover Notes
Staff Climate Notes
Staff Discussion Notes
Tax Law Technical Note
Technical Notes and Manuals
Annual Report of the Executive Board
Articles of Agreement
By Laws, Rules & Regulations
IMF Speeches
Independent Evaluation Office Reports
Selected Decisions
Selected Legal and Institutional Papers Series
Summary Proceedings
Annual Report on Exchange Arrangements and Exchange Restrictions
Finance & Development
IMF Research Bulletin
IMF Research Perspectives
Resources
Brochures and Posters
Corrections
Essential Reading
IMF Virtual Publications Booth
Metadata
Rights and Permissions
Tools for Authors
About
About Us
Contact Us
Content Directory
Frequently Asked Questions
IMF eLibrary Startup Guide
Set Up A Personal Account
Search
Advanced search
Help
Previous Chapter
Next Chapter
1 The Payment System in a Market Economy
Author:
Mr. Bruce J. Summers
Mr. Bruce J. Summers
https://isni.org/isni/0000000404811396
International Monetary Fund
Search for other papers by Mr. Bruce J. Summers in
Current site
Google Scholar
Close
Language:
English
Print Publication Date:
15 Dec 1994
Keywords:
BOOK
;
payment
;
central bank
;
bank
;
payment order
;
value
;
payment transaction
;
payment system operation
;
payment operation
;
payment demand order
;
payment apparatus
;
Currencies
;
Clearing and settlement systems
Abstract
Related Publications
Abstract
Bruce J. Summers
Within Same Series
PART II The Central Bank and the Payment System
1 Payments Systems
11 The Central Bank and the Payment System
2 Banking and the Payment System
3 Operational and Financial Structure of the Payment System
4 Payment and Securities Settlement Systems
9 Payment System Policy Issues and Analysis
4 Monetary Issues and Payment System Design
5 Payment Systems Development
10 Payment System Float and Float Management
Other IMF Content
The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe
Payments System Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe
Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy
Systemic Financial Risk in Payment Systems
II Systemic Financial Risk in Payment Systems
Payment System Reforms and Monetary Policy
The Reform of Wholesale Payment Systems and its Impacton Financial Markets
6 The Russian Payment System
VII Payments System
The Payments System and its Effectson Monetary Operations: Recent Experience in the Russian Federation
Other Publishers Content
Asian Development Bank
The Impact of Nonperforming Loans on Cross-Border Bank Lending: Implications for Emerging Market Economies
How Does Inflation in Advanced Economies Affect Emerging Market Bond Yields? Empirical Evidence from Two Channels
Developing a Local Currency Government Bond Market in an Emerging Economy after COVID-19: Case for the Lao People's Democratic Republic
The Wellness Economy: A Comprehensive System of National Accounts Approach
The Performance of Emerging Markets During the Fed's Easing and Tightening Cycles: A Resilience Analysis Across Economies
ASEAN+3 Bond Market Forum Brief No. 1 - The Professional Bond Market: A Practical Introduction
ADB Economics Working Paper No. 532: Divergent Emerging Market Economy Responses to Global and Domestic Monetary Policy Shocks
Update on Financial Market Infrastructures in ASEAN+3
Inter-American Development Bank
Wholesale Payments Systems and Financial Discipline, Efficiency, and Liquidity
Private External Overborrowing in Undistorted Economies: Market Failure and Optimal Policy
Credit Frictions and "Sudden Stop" in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises
How Should Financial Institutions and Markets be Structured?: Analysis and Options for Financial System Design
The Gender Labor Market Gap in the Digital Economy
Innovation in the Global Economy: Opening-Up Latin American Innovation Systems
Labor Market Effects of Introducing Unemployment Benefits in an Economy with High Informality
Developing Economies as Toyota Production Systems: Why the Analogy Makes Sense, How It Can Inform Industrial Policy
Developing Economies as Toyota Production Systems: Why the Analogy Makes Sense, How It Can Inform Industrial Policy
Quality Management System and Firm Performance in an Emerging Economy: The Case of Colombian Manufacturing Industries
International Labour Organization
The labour markets of emerging economies: Has growth translated into more and better jobs?
The transition from the informal to the formal economy. ILC 104/2015, Report V (1)
The World Bank
Transforming payment systems: meeting the needs of emerging market economies
Payment systems, inside money and financial intermediation
Payments and Securities Settlement Systems in Pakistan
People's Republic of China Financial Sector Assessment Program: CPSS Core Principles for Systemically Important Payment Systems.
The evolution of payments in Europe, Japan, and the U.S.: lessons for emerging market economies
Market discipline under systemic risk: evidence from bank runs in emerging economies
Brazil's efficient payment system: a legacy of high inflation
Republic of Indonesia Financial Sector Assessment Program: CPSS Core Principles for Systemically Important Payment Systems.
El Salvador Financial Sector Assessment Program Update: Payments, Remittances, and Securities Settlement Systems.
The National Payment Systems Oversight Framework for the Maldives Monetary Authority
Save
Cite
Email this content
Share Link
Copy this link, or click below to email it to a friend
Email this content
or copy the link directly:
https://www.elibrary.imf.org/abstract/book/9781557753861/ch01.xml
The link was not copied. Your current browser may not support copying via this button.
Link copied successfully
Copy link
Share on facebook
Share on linkedin
Share on twitter
Collapse
Expand
Top
The Payment System
Design, Management, and Supervision
Author:
Mr. Bruce J. Summers
ISBN:
9781557753861
Publication Date:
15 Dec 1994
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557753861.071
Pages:
232
Search
Table of Contents
Front Matter
Front Matter
1 The Payment System in a Market Economy
2 Banking and the Payment System
3 Operational and Financial Structure of the Payment System
4 Monetary Issues and Payment System Design
5 Legal Foundations of Large-Value Transfer Systems
6 Large-Value Transfer Systems
7 Payment System Risk and Risk Management
8 Small-Value Transfer Systems
9 Payment System Policy Issues and Analysis
10 Payment System Float and Float Management
11 The Central Bank and the Payment System
12 Technology and the Payment System
Back Matter
Back Matter
Sections
Abstract
Transactions and Payment in a Market Economy
Payment System Principles and Issues
Common Principles
Payment System Reform in the Former Soviet Union1
Recent Progress
Future Opportunities
Conclusions
Metrics
[18.97.14.85]
18.97.14.85
Sign in to annotate
Close
Edit Annotation
Character limit
500
/500
Delete
Cancel
Save
@!
Character limit
500
/500
Cancel
Save
View Expanded
View Table
View Full Size