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Central Bank Digital Currencies for Cross-border Payments : A Review of Current Experiments and Ideas

World Bank Group - 2021

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

Central Bank Digital Currency : Background Technical Note

World Bank Group - 2021

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

Central Bank Digital Currency : A Payments Perspective

World Bank Group - 2021

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

Central Bank Reserve Management Practices : Insights into Public Asset Management

World Bank Group - 2021

, contributed to the survey, which included questions on investment policies, asset allocation, risk management, environmental … liquidity for reserve portfolios. The authors find that central banks maintained their conservative investment approach … banks' risk management practices show room for improvement, especially in institutions that have expanded into …

Persistent link: https://www.econbiz.de/10012700674

The National Payment Systems Oversight Framework for the Maldives Monetary Authority

World Bank Group - 2019

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

Republic of Belarus - Transparency of Monetary Policy and Banking Supervision : Technical Note

World Bank Group - 2006

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

Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency

World Bank Group - 2018

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

Household Over-Indebtedness in Russia

World Bank Group - 2019

In the last three years, household debt has risen by a third as disposable income declined. Declining interest rates, ease of access to credit for consumers and poorly regulated microfinance lending practices led to fast growth in consumer debt. Consumer lending in the banking and microfinance...

Persistent link: https://www.econbiz.de/10012646968

Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes

World Bank Group - 2016

The World Bank Group assessed the insolvency and creditor/debtor regimes ('ICR') of Bulgaria pursuant to the joint IMF/World Bank initiative on the observance of standards and codes ('ROSC'). The assessment has been undertaken on the basis of the ICR Standard. The conclusions in this assessment...

Persistent link: https://www.econbiz.de/10012247258

Report on the Treatment of MSME Insolvency

World Bank Group - 2017

Micro, small, and medium enterprises (MSMEs) are among the largest commercial users of insolvency systems. MSMEs are a significant part of the global economy - and just as there are large numbers of MSMEs, there are large numbers of MSME insolvencies. However, there are a very few specialized...

Persistent link: https://www.econbiz.de/10012247946