Abstract
The difficult problem of interface is typically not one of inward interface but one of outward interface. The data processing system for a given industrial corporation may be beautifully designed, but there may arise large problems of extending it to incorporate the activities of a newly acquired subsidiary already having a data solution of its own. A national on-line real-time hotel booking system may work well, but it just may not easily merge with a similar system in another country to form an international network. The present note describes the grave interface problems that seem to loom ahead in the field of on-line real-time central banking. The suggestion is put forward that the International Monetary Fund has a unique responsibility in preparing for interface between international payment networks of tomorrow.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.