Simulation of automated real‐time gross interbank settlement
Abstract The aim of this paper is to analyze algorithms for the automated real‐time gross inter‐bank settlement (RTGS). One can change the efficiency of settlement systems by perfecting the processing of settlements and/or implementing rules for solving the gridlocks, or by applying the tools of refinancing and reservation. We focus on the settlement simulation of the Trans‐European Automated Real‐time Gross Settlement Express Transfer system (TARGET2). The system of modelling, simulation, and optimization of settlements (Baksys and Sakalauskas 2007b) is applied in the simulation of TARGET2, estimating the parameters of simulation according to the real data.
Payment economics: studying the mechanics of exchange
Abstract The five papers that follow this essay were presented at the Federal Reserve Bank of Richmond's Conference on Payment Economics held October 23–24, 2000, in Williamsburg, Virginia. The conference was motivated by the convergence of lines of research in monetary and banking theory that are focused on the institutional arrangements that facilitate exchange. At the same time, central bank policymakers concerned about the efficiency implications of their involvement in and regulation of clearing and settlement arrangements increasingly seek an economic understanding of these activities. It appears that a distinct and coherent field of inquiry is emerging, focused on the mechanics of exchange. This field, which we call payment economics, studies both the instruments agents use to make payments and the central role of bank intermediation in facilitating the use of private liabilities in exchange.
ETL Tools in Enterprise Data Warehouse
A B S T R A C T An enterprise data warehouse (EDW) also known as Data warehouse (DW), is a system used for reporting and data analysis. DWs are central repositories of integrated data from one or more disparate sources. ExtractionTransformation-Loading (ETL) processes are responsible for all the operations taking place at the warehouse. These processes are performed by specialized tools known as ETL tools or also called as Data Integration tools. The ETL tools are available in the market either as closed source software or as open source software. An ETL tool from both these categories has their advantages and suffers from some limitations as well. The main objective of this paper is to highlight the importance of the data integration tools or also known as ETL tools in business intelligence environment.