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This report aims at assisting Maldives Monetary Authority (MMA) to establish an effective oversight framework to monitor the different payment and settlement systems, payment instruments and payment service providers in the Maldives. The framework for oversight is based on the Bank for...
Persistent link: https://www.econbiz.de/10012646629
Over the years, the demand for seamless and inexpensive cross-border payments has grown in parallel with growth in international e-commerce, remittances and tourism. Yet, cross-border payments have not kept pace with the intensive modernization that has characterized domestic payment services...
Persistent link: https://www.econbiz.de/10012817614
In recent years, due to innovations in technology, the concept of digital currency has emerged out of the desire of some private entities to replicate specific properties of cash in the digital space. Digital currencies have been issued in various electronic formats and value propositions, and...
Persistent link: https://www.econbiz.de/10012817615
Payment and settlement systems and services have become vital components of the economic life of contemporary societies. Over the last decades, they have gone through several waves of reforms that have changed the landscape of the national payments system (NPS) in virtually every country in the...
Persistent link: https://www.econbiz.de/10012817616
This note examines the observance by the National Bank of the Republic of Belarus (NBRB) of the good practices on transparency in monetary policy. The transparency analysis was based on a review of relevant laws and regulations and the International Monetary Fund (IMF s) code of good practices...
Persistent link: https://www.econbiz.de/10013413749
This report is based on a study of the costs and savings of retail payments in Albania using a methodology (A Practical … instrument) and the resulting cost savings. It is designed based on four main principles: applicability, comparability …
Persistent link: https://www.econbiz.de/10012645370
Micro and small enterprise (MSME) insolvency is particularly likely to impact not only the business, but also the personal and family life of the owner-operator(s) of such businesses, raising particular concerns that apply much less frequently in the context of corporate insolvency. This report...
Persistent link: https://www.econbiz.de/10012645571
, access to savings and providing adequate income post retirement for individuals. The need to get this balancing act right is … pension savings on income adequacy after retirement. The report concludes with recommendations based on emerging best practice …
Persistent link: https://www.econbiz.de/10012645997
The report discusses key policy issues that enable and constrain digital savings market development and offers policy … observations, three policy considerations seem most important for facilitating digital savings account deployments: Enable banking … institutions to pursue digital savings partnerships with nonbank entities. Support the development of interoperability between …
Persistent link: https://www.econbiz.de/10012646039
appropriate fiscal framework for determining spending as well as setting aside and managing savings for future generations. The …
Persistent link: https://www.econbiz.de/10012647203