Showing 1 - 6 of 6
This article examines the institutional preconditions for stable financial integration in a 'theory of optimal … financial areas' (OFA). This theory is modelled on the theory of optimal currency areas that has been used to inform the process … of monetary integration. Where it differs from optimum currency area (OCA) theory is in focussing on capital mobility and …
Persistent link: https://www.econbiz.de/10013043326
Recent years have witnessed the emergence and rapid growth of a large, diverse, and constantly evolving shadow payment system. The shadow payment platforms (SPPs) that populate this system perform many of the same core payment functions as conventional deposit-taking banks: including custody,...
Persistent link: https://www.econbiz.de/10012847513
field research and interviews with key industry experts between July 2016 and February 2017. Our use of theory helps us …
Persistent link: https://www.econbiz.de/10012955550
This paper discusses how global financial institutions are using big data analytics within their compliance operations. A lot of previous research has focused on the strategic implications of big data, but not much research has considered how such tools are entwined with regulatory breaches and...
Persistent link: https://www.econbiz.de/10012996411
This research seeks to understand whether and how m-money can promote financial inclusion of the world's poor …
Persistent link: https://www.econbiz.de/10013086781
This paper introduces a structural micro-founded dynamic stochastic network model for the unsecured interbank lending market. Banks are profit optimizing agents subject to random liquidity shocks and can engage in costly counterparty search to find suitable trading partners and peer monitoring...
Persistent link: https://www.econbiz.de/10013059452