Bank of Finland Simulation Seminar

As for the past five late August weeks, the Bank of Finland organised its annual Payment and Settlement Simulation Seminar. The BoF-PSS2 simulator which I helped to create is now in use in 72 sites across the world, mainly at central banks, clearing houses and universities. The seminar program consisted of a wide array of new research on payment systems and money markets. I was involved in two presentations, both related to ongoing work at the Bank of England. The first one studied the topology of the overnight money market and the second one liquidity saving mechanisms and bank behavior (presentation).