The current global financial "non-system" is marked by instability. In the absence of global solutions, a series of regional arrangements of monetary cooperation have been emerging to cope with such instability. The paper focuses on regional payment systems as an initial step of regional...

El propósito principal de este trabajo es el de revisar los factores y la dinámica que toma la internacionalización financiera, como también las acciones que debiera tomar un país para prepararse para maximizar los beneficios netos de esta integración. Finalmente, se evalúan también las...

New financial technologies - including those underpinning cryptocurrencies - herald broader access to the financial system, quicker and more easily verifiable settlement of transactions and payments, and lower transaction costs. Domestic and cross-border payment systems are on the threshold of...

The Committee on Payment and Settlement Systems (CPSS) is publishing this comprehensive glossary of payment system terminology as a reference document for the standard terms used in connection with payment and settlement systems. The terms have been published in the reports of the CPSS, the...