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Falling use of cash and demand for retail central bank digital currency
Tanai Khiaonarong; Humphrey, David B. - 2022
Cash use in most countries is falling slowly. On the margin, younger adults favor cash substitutes over cash. For older adults it is the reverse. Revealed preference tied to a changing population age structure seems to be the main influence on the demand for cash and why it is falling. Cash use...
Persistent link: https://www.econbiz.de/10013170282
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Fintech potential for remittance transfers : a Central America perspective
Bersch, Julia; Clevy, Jean François; Muhammad, Naseem; … - 2021
This paper analyzes the potential for fintech to facilitate cheaper and more efficient remittances, and to enhance financial inclusion in Central America. Digital remittances remain nascent in the region, primarily reflecting behavioral inertia, small cost advantages of digital over traditional...
Persistent link: https://www.econbiz.de/10012610695
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Fintech and payments regulation : analytical framework
Tanai Khiaonarong; Goh, Terry - 2020
Financial technology (Fintech) has prompted authorities to consider their potential financial stability benefits, risks, and effective regulation. Recent developments suggest that regulatory approaches and their legal foundations need to augment entity-based regulation with increasing focus on...
Persistent link: https://www.econbiz.de/10012251408
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Measuring the impact of a failing participant in payment systems
Heijmans, Ronald; Wendt, Froukelien - 2020
Banks and financial market infrastructures (FMIs) that are not able to fulfill their payment obligations can be a source of financial instability. This paper develops a composite risk indicator to evaluate the criticality of participants in a large value payment system network, combining...
Persistent link: https://www.econbiz.de/10012251903
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Cash use across countries and the demand for central bank digital currency
Tanai Khiaonarong; Humphrey, David B. - 2019
The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card-not better. Demand for digital currency will thus be weak...
Persistent link: https://www.econbiz.de/10012009449
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Two-sided market, R&D and payments system evolution
Li, Bin; McAndrews, James Joseph; Wang, Zhu - 2019
It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market...
Persistent link: https://www.econbiz.de/10012009590
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Fintech in Europe : promises and threats
Baba, Chikako; Batog, Cristina; Flores, Enrique; … - 2020
Europe's high pre-existing level of financial development can partly account for the relatively smaller reach of fintech payment and lending activities compared to some other regions. But fintech activity is growing rapidly. Digital payment schemes are expanding within countries, although...
Persistent link: https://www.econbiz.de/10012392562
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How to Deal with Azerbaijan's Oil Boom? : Policy Strategies in a Resource-Rich Transition Economy
Rosenberg, Christoph B. - 1998
Azerbaijan. The standard “Dutch disease” model is modified to capture the special conditions of transition economies, with … problems. The paper describes a medium-term policy strategy for Azerbaijan, relating its prospects to the experience in the … 1970s of Ecuador, Indonesia, and Nigeria. The adverse effects of the Dutch disease may be avoided if Azerbaijan pursues …
Persistent link: https://www.econbiz.de/10014400827
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Current and Proposed Non-Oil Tax System in Azerbaijan
International Monetary Fund - 2008
This paper analyzes developments in non-oil tax policy, administration, and revenues in Azerbaijan, and suggests … measures for further improvement. The main finding is that Azerbaijan''s non-oil tax revenues increased significantly as a …
Persistent link: https://www.econbiz.de/10014401629
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Impact of Government Expenditureon Growth : The Case of Azerbaijan
International Monetary Fund - 2008
rapid scaling-down in the context of Azerbaijan''s current temporary oil production boom. To this end, it relies on a review …
Persistent link: https://www.econbiz.de/10014401834