Annual Report for the Iowa Department of Administrative Services, Fiscal Year 2008

Annual Report for the Iowa Department of Administrative Services, Fiscal Years 2004-2006

Annual Report of the Iowa Department of Revenue FY1996

Annual Report of the Iowa Department of Revenue FY1996

Contagion and efficiency in gross and net interbank payment systems

The increased fragility of the banking industry has generatedgrowing concern about the risks associated with the paymentsystems. Although in most industrial countries differentinterbank payment systems coexist, little is really knownabout their propierties in terms of risk and efficiency. Wetackle this question by comparing the two main types ofpayment systems, gross and net, in a framework whereuncertainty arises from several sources: the time ofconsumption, the location of consumption and the return oninvestment. Payments across locations can be made either bydirectly transferrring liquidity or by transferring claimsagainst the bank in the other location. The two mechanism areinterpreted as the gross and net settlement systems ininterbank payments. We characterize the equilibria in the twosystems and identify the trade-off in terms of safety andefficiency.

Annual Report of the Iowa Department of Revenue FY1997

Annual Report of the Iowa Department of Revenue FY1997

Annual Report of the Iowa Department of Revenue FY1998

Annual Report of the Iowa Department of Revenue FY1998

Annual Report of the Iowa Department of Revenue FY1999

Annual Report of the Iowa Department of Revenue FY1999

Annual Report of the Iowa Department of Revenue FY2000

Annual Report of the Iowa Department of Revenue FY2000

Annual Report of the Iowa Department of Revenue FY2001

Annual Report of the Iowa Department of Revenue FY2001

Annual Report of the Iowa Department of Revenue FY2002

Annual Report of the Iowa Department of Revenue FY2002

Annual Report of the Iowa Department of Revenue FY2003

Annual Report of the Iowa Department of Revenue FY2003

Annual Report of the Iowa Department of Revenue FY2004

Annual Report of the Iowa Department of Revenue FY2004

Annual Report of the Iowa Department of Revenue FY2005

Annual Report of the Iowa Department of Revenue FY2005

Addendum to Annual Report of the Iowa Department of Revenue FY2006

Addendum to Annual Report of the Iowa Department of Revenue FY2006

Annual Report of the Iowa Department of Revenue FY2006

Annual Report of the Iowa Department of Revenue FY2006

Iowa Sales and Use Tax Annual Statistical Report 1998

Iowa Sales and Use Tax Annual Statistical Report 1998