Search Results - subject:"INTERNATIONAL PAYMENTS"

The relative benefits and risks of stablecoins as a means of payment : a case study perspective

Ho, Annetta; Darbha, Sriram; Gorelkina, Yuliya; … - 2022

Our paper contributes to the discussion about the utility of stablecoins for retail payments through an objective, evidence-based approach that compares stablecoins with traditional retail payment methods. The paper also provides insights that could be useful in the design of central bank...

Persistent link: https://www.econbiz.de/10013489726

Innovative Strategies Adopted by Banks in Payment and Settlement Systems

S S, Ramya - 2022

The banking industry has experienced a series of significant transformations in the last few decades. The Banking sector has been immensely benefited from the implementation of superior technology during the recent years, almost in every nation in the world. Technology has also improved the...

Persistent link: https://www.econbiz.de/10013492235

Remittances - the overlooked payments

Engström, Nina; Reslow, André - In: Sveriges Riksbank economic review (2022) 2, pp. 47-64

Persistent link: https://www.econbiz.de/10013492769

Improving the efficiency of payments systems using quantum computing

McMahon, Christopher; McGillivray, Donald; Desai, Ajit; … - 2022 - Last updated: December 22, 2022

High-value payment systems (HVPSs) are typically liquidity-intensive because the payment requests are indivisible and settled on a gross basis. Finding the right order in which payments should be processed to maximize the liquidity efficiency of these systems is an NP-hard combinatorial...

Persistent link: https://www.econbiz.de/10013482508

Central Bank Digital Currencies and International Payments

He, Chusu; Milne, Alistair; Zachariadis, Markos - 2022

employed in the execution of international payments and discusses how international payments might be improved through the … possible forms and applications of mCBDC in international payments. Our focus on business processes highlights a different … question, not addressed by (BIS et al., 2021). What is the nature of the CBDC opportunity in international payments? Is it …

Persistent link: https://www.econbiz.de/10013406906

From SEPA to the digital euro : payments past, present and future

Asel, Johannes A.; Mingione, Simone; Niederlaender, Petia; … - In: Monetary policy & the economy : quarterly review of … (2022) 1/2, pp. 47-74

Persistent link: https://www.econbiz.de/10013531877

Do large TARGET2 balances bear risks for the euro area?

Horst, Maximilian; Neyer, Ulrike - In: Credit and capital markets : Kredit und Kapital 55 (2022) 1, pp. 3-34

Large increases in TARGET2 balances in the euro area since 2008 have led to concern and debate about the appropriate interpretation and policy reaction - in particular in TARGET2 creditor countries such as Germany. Against this background, we examine the main drivers of the increases and...

Persistent link: https://www.econbiz.de/10014518497

The effects of sanctions on Russian banks in TARGET2 transactions data

Drott, Constantin; Goldbach, Stefan; Nitsch, Volker - 2022

This short paper examines the effect of financial sanctions at the most disaggregated level possible, individual bank accounts. Using data from the Eurosystem's real-time gross settlement system TARGET2, we provide empirical evidence that sanctions imposed by the European Union on Russian banks...

Persistent link: https://www.econbiz.de/10013399774

Determinants of TARGET2 transactions of European banks based on micro-data

Drott, Constantin; Goldbach, Stefan; Jochem, Axel - 2022

This paper examines German and foreign bank factors that can explain cross-border central bank liquidity flows between Germany and the rest of the euro area. Using data from the German component of Eurosystem's real-time gross settlement system TARGET2 and BankFocus for the period between 2009...

Persistent link: https://www.econbiz.de/10013411245

Global payment disruptions and firm-level exports

Haas, Ralph de; Kirschenmann, Karolin; Schultz, Alison - 2022

We exploit proprietary information on severed correspondent banking relationships - due to the stricter enforcement of financial crime regulation - to assess how payment disruptions impede cross-border trade. Using firm-level export data from emerging Europe, we show that when local respondent...

Persistent link: https://www.econbiz.de/10013474503