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settlement delays in the money market

Journal of Banking Finance 34 (2010) 934–945 Contents lists available at ScienceDirect Journal of Banking Finance journal homepage: www.else /locate/jbf Settlement delays in the money market Leonardo Bartolini a, Spence Hilton b, James J. McAndrews a,* a Federal Reserve Bank of New York, Research and Statistics, United States b Federal Reserve Bank of New York, Market Operations Monitoring and Analysis, United Sta

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