This article uses reinforcement learning (RL) to approximate the policy rules of banks participating in a high-value payment system (HVPS). The objective of the RL agents[...]

We propose a flexible machine learning (ML) framework for real-time transaction monitoring in high-value payment systems (HVPS), which are central to a country's financia[...]

Modernising Canada’s wholesale payments system from the legacy large-value transfer system (LVTS) to Lynx brings two key changes: (1) the settlement model shifts from a h[...]

High-value payment systems (HVPSs) are typically liquidity intensive because payments are settled on a gross basis. State-of-the-art solutions to this problem include alg[...]

This paper assesses the usefulness of comprehensive payments data for macroeconomic predictions in Canada. Specifically, we evaluate which type of payments data are usefu[...]

Supplemental material for peer-reviewed article published in Management Science. Paper published online July 12, 2024. When citing this dataset, please also cite the asso[...]

The Covid-19 pandemic and its resulting public health mitigation measures have caused large-scale economic disruption globally. At this time, there is an increased need t[...]