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Individual Risk Management for Digital Payment Systems

Reichenbach, M.; Grzebiela, T.; Koltzsch, T.; Pippow, I. - EconWPA - 2002

Despite existing security standards and security technologies, such as secure hardware, gaps between users’ demand for security and the security offered by a payment system can still remain. These security gaps imply risks for users. In this paper, we introduce a framework for the management...

Persistent link: https://www.econbiz.de/10005134585

Payment systems efficiency, policy approaches, and the role of the central bank

Khiaonarong, Tanai - EconWPA - 2004

Central bank spending on the operation of inter-bank funds transfer systems may range from below one million to nearly a billion US dollars annually. This paper examines how such costs are incurred and recovered to pursue payment systems efficiency in different countries and under alternative...

Persistent link: https://www.econbiz.de/10005134703

Chakravorti, Sujit - EconWPA - 2001

The hypothesis put forth is that the U.S. dollar's role as a vehicle currency in global foreign exchange markets is linked to the low cost of payments-related intraday credit. After reviewing the types of intraday credit facilities extended to participants on payment systems settling the major...

Persistent link: https://www.econbiz.de/10005062706

Die Auswirkungen von Zahlungsverkehrs¬innovationen auf die Geldpolitik

Schmitz, Stefan W. - EconWPA - 2005

This paper analyses the effects of innovations in retail payment systems on the conduct and implementation of monetary policy. Recent innovations in retail payment systems (access products and electronic money products) are placed in the context of historical institutional change in the...

Persistent link: https://www.econbiz.de/10005412855

Competition and regulation in European retail payment systems

Kemppainen, Kari - EconWPA - 2004

In this study, the interaction between the competition-cooperation nexus and regulation in retail payment systems is analysed by applying the main lessons from the theory of network industries. This is justifiable on the grounds that the payment systems industry inherently has many...

Persistent link: https://www.econbiz.de/10005413262

E-payments: modern complement to traditional payment systems

Heng, Stefan - EconWPA - 2004

The challenges of payment transactions in electronic commerce were initially underestimated, as is now clear in the light of technological progress and stricter legislation, meaning traditional business models are increasingly coming up against their limits. Only secure, user- friendly and...

Persistent link: https://www.econbiz.de/10005561569

WHY DO COUNTRIES DEVELOP MORE FINANCIALLY THAN OTHERS? THE ROLE OF THE CENTRAL BANK AND BANKING SUPERVISION

Sáez, Lucía Cuadro; Herrero, Sonsoles Gallego; … - EconWPA - 2003

We construct a new measure of financial development, through multivariate analysis, which includes several indicators of financial size and efficiency for 134 countries. Based on this broad measure, we assess empirically the determinants of financial development focusing on two factors not yet...

Persistent link: https://www.econbiz.de/10005134948

PROTECTION OF PRIVACY THROUGH MICROAGGREGATION

Feige, Edgar L.; Watts, Harold W. - EconWPA - 2005

A proposal for maintaining privacy protection in large data bases by the use of partially aggregated data instead of the original individual data. Proper micro aggregation techniques can serve to protect the confidential nature of the individual data with minimumal information loss....

Persistent link: https://www.econbiz.de/10005556264

Space, Growth and Technology: an Integrated Dynamic Approach

Gomes, Orlando - EconWPA - 2004

Economic phenomena are interrelated. From a growth perspective, time analysis concerning the choices of present and future consumption and the choices between the allocation of scientific resources should be combined with a space analysis regarding the dissemination of economic activity through...

Persistent link: https://www.econbiz.de/10005124884

A Second-Order Approximation to Technology Choices

Gomes, Orlando - EconWPA - 2004

, to choose how to allocate technological inputs. A technology choices model is developed, where scarce scientific … resources are alternatively allocated to basic science activities and to applied technology uses. We find that saddle path … objective function, that is, for a second-order Taylor series approximation of a felicity function regarding technology …

Persistent link: https://www.econbiz.de/10005124964