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Analysis

Alongside the heuristic knowledge gained empirically by experts, modern payment policy and payment systems oversight increasingly also draw on economic analyses in the form of quantitative studies. This is why the Bundesbank also carries out application-oriented analyses with the aim of preparing the groundwork for decisions and creating a better understanding of the systems in use and participant behaviour. In addition to carrying out manifold internal analyses, the Bundesbank also participates in relevant public debates of an academic nature via presentations and publications.

Publications

  • Glowka, Marc; Paulick, Jan & Schultze, Inga (2018).
    The absence of evidence and the evidence of absence: an algorithmic approach for identifying operational outages in TARGET2, Journal of Financial Market Infrastructures, Volume 6 (2/3), 63–91.
  • Thiele, Carl-Ludwig & Diehl, Martin (2017).
    Kryptowährung Bitcoin: Währungswettbewerb oder Spekulationsobjekt: Welche Konsequenzen sind für das aktuelle Geldsystem zu erwarten?, ifo Schnelldienst 22/2017, Volume 70, 3–6. 
  • Group on TARGET2 Stress Testing of the Market Infrastructure Board & Market Infrastructure and Payments Committee (2017).
    Stress-Testing of liquidity risk in TARGET2, ECB Occasional Paper Series, No. 183.
  • Mueller, Alexander; Paulick, Jan; Fichtner, Jan & Wittenmayer, Hubert (2016).
    Mobilization of collateral in Germany as a reflection of monetary policy and financial market developments, Journal of Financial Market Infrastructures, Volume 5 (1), 49–63.
  • Diehl, Martin (2016).
    Financial Market Infrastructures: The Backbone of Financial Systems. In M. Diehl, B. Alexandrova-Kabadjova, R. Heuver, & S. Martínez-Jaramillo (Eds.), Analyzing the Economics of Financial Market Infrastructures, 1–19. Hershey, PA: Business Science Reference. doi:10.4018/978-1-4666-8745-5.ch001
  • Mueller, Alexander (2016).
    Payment System Analysis: The Central Bank Perspective. In M. Diehl, B. Alexandrova-Kabadjova, R. Heuver, & S. Martínez-Jaramillo (Eds.), Analyzing the Economics of Financial Market Infrastructures, 209–224. Hershey, PA: Business Science Reference. doi:10.4018/978-1-4666-8745-5.ch001
  • Kaliontzoglou, Alexandros & Mueller, Alexander (2016).
    Implementation Aspects of Indicators Related to Payments Timing. In M. Diehl, B. Alexandrova-Kabadjova, R. Heuver, & S. Martínez-Jaramillo (Eds.), Analyzing the Economics of Financial Market Infrastructures, 169–190. Hershey, PA: Business Science Reference. doi:10.4018/978-1-4666-8745-5.ch001
  • Pliquett, Anna (2016). 
    CCPs: A Challenge for Practical Oversight. In M. Diehl, B. Alexandrova-Kabadjova, R. Heuver, & S. Martínez-Jaramillo (Eds.), Analyzing the Economics of Financial Market Infrastructures, 250–271. Hershey, PA: Business Science Reference. doi:10.4018/978-1-4666-8745-5.ch013.
  • Beck, Hanno; Winter, Heike & Woerlen, Heike (2015).
    Mit Bargeld zahlen - ein Auslaufmodell (Aufsatzreihe), Wirtschaftdienst, Volume 95 (8), 515–528.
  • Diehl, Martin & Mueller, Alexander (2014).

    Analysis of the use and impacts of limits, Journal of Financial Market Infrastructures, Volume 3 (1), 33–60.

  • Diehl, Martin (2013).
    Measuring free riding in large-value payment-systems: the case of TARGET2, Journal of Financial Market Infrastructures, Volume 1 (3), 1–23.
  • Diehl, Martin (2012).
    The Use of Simulations as an Analytical Tool for Payment Systems. In: B. Alexandrova-Kabadjova, et alii (Eds.), Simulation in Computational Finance and Economics: Tools and Emerging Applications, 29–45.
  • Diehl, Martin & Schollmeyer, Uwe (2012).
    Liquidity-Saving Mechanisms: Quantifying the Benefits in TARGET2, Bank of Finland Payment System Simulator Seminar Proceedings (2009–2011).