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Payment systems are made up of the set of instruments, procedures, and rules used to transfer funds among participants. These systems are necessary input for the financial system to work efficiently. Some of these systems are especially critical since if their design is inadequate, they can amplify the transmission of one participant’s liquidity problems to the rest, thus disturbing the stability of the financial system. Therefore, one of the functions of Banco de México is to ensure that the national payment systems run properly. |
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