Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
Gridlock Resolution in Payment Systems
The concept of gridlock in payment systems is described. When payments are settled individually in real time, the order of payments can be important to avoiding gridlocks. A gridlock resolution mechanism implemented in connection with KRONOS is described. It is sought to quantify this effect via simulation runs with data from Denmark and Finland.