bank payments and intragroup payments. We also document heterogeneities across different types of transactions which … influence the German TARGET2 balance. While customer payments, interbank payments and central bank payments have increased net … flows to Germany in sum, intragroup payments and ancillary systems' transactions have led to net outflows. …

increase macroeconomic stability of the member countries, we develop a typology of payments systems and systematically compare … regional payment systems entail beneficial effects by reducing transaction costs of intraregional trade, and by creating …

elasticity and multiple asymmetric regions, in which trade integration induces wage and productivity changes. Using Canada …-US interregional trade data, we structurally estimate a theory-based gravity equation system featuring endogenous wages and … absolute wage effects, and a selection effect. We then quantify the impacts of removing the trade distortions generated by the …

financial crime regulation) to assess how payment disruptions impede cross-border trade. Using firm-level export data from … borrowers start to export less. This trade decline occurs on both the extensive and intensive margins, and firms only partially … findings highlight an often overlooked function of global banks: providing the payment infrastructure and trade finance that …

financial crime regulation - to assess how payment disruptions impede cross-border trade. Using firm-level export data from … borrowers start to export less. This trade decline occurs on both the extensive and intensive margins and firms do not …

A central argument for trade liberalization is that when the "gains from trade" are shared, countries see large gains … regional development. Africa provides a unique study ground because the arbitrary placement of country borders during the … credible instrument for bilateral trade flows and enable the assignment of trade flows ---and their impacts--- to individuals …