Showing 1 - 10 of 63
We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC, and bank deposits according to their preferences over anonymity and security; and where network effects make the convenience of a payment instrument depend on the number of...
Persistent link: https://www.econbiz.de/10012137068
This paper starts by revisiting the true definition of money and identifies that electronic money is not a new concept. It explains the spectrum of money in the context of the past, present, and future and argues that technology can only enhance the way we deal with money and will never change...
Persistent link: https://www.econbiz.de/10012113882
Project Stella studies the possible use of distributed ledger technology (DLT) on financial market infrastructures (FMIs). DLT solutions have the potential to improve the safety and efficiency of existing systems, as shown by research undertaken by central banks and FMIs. Yet, balancing...
Persistent link: https://www.econbiz.de/10012113883
This paper develops a microeconomic model of bitcoin production to analyze the economic effects of the Bitcoin protocol …. I view the bitcoin as a tradable commodity that is produced by miners and whose supply is managed by the protocol. The … findings show that bitcoin's volatile price path and inefficiency are related, and that both are a consequence of the protocol …
Persistent link: https://www.econbiz.de/10011992108
The financial technology (fintech) sector is revolutionizing traditional financial practices, yet little information …
Persistent link: https://www.econbiz.de/10012156392
driven financial innovation; and (iii) what the rise of fintech and bigtech implies for the structure of the financial system …
Persistent link: https://www.econbiz.de/10012259324
This paper explores options for mobilizing domestic savings through fintech solutions to scale up sustainable … fintech can help to complement conventional capital markets and mobilize financial resources for sustainable infrastructure …
Persistent link: https://www.econbiz.de/10012503296
In this study, we describe the fintech and cryptoassets-related trends in the Republic of Korea and review the measures … bank digital currency. Fintech in the Republic of Korea still accounts for only a small share of payment and settlement …
Persistent link: https://www.econbiz.de/10012113886
This paper sheds light on Australia's fast real-time retail payments system, the New Payments Platform (NPP), which was launched in February 2018 by a consortium of 13 financial institutions, including the Reserve Bank of Australia (RBA). The NPP operates on a 24/7 basis and allows financial...
Persistent link: https://www.econbiz.de/10012119337
This paper showcases the growth as well as the challenging factors for fintech development in Indonesia. As the eighth … micro, small, and medium-sized enterprises (MSMEs), the country shows huge potential for fintech. As of 2017, $1.62 million …. Moreover, fintech companies such as Mekar are creating shared value as P2P lending platforms for women, with a similar …
Persistent link: https://www.econbiz.de/10012110299