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We build a network formation game of firms with trade flows to study the adoption and usage of a new digital currency as an alternative to correspondent banking. We document endogenous heterogeneity and inefficiency in adoption outcomes and explain why higher usage may correspond to lower...
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secured format and communication channels. These innovations resulted in electronic instruments like Electronic Clearing …
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growth than the physical check-based system. The Reserve Bank of India is, therefore, taking necessary steps to provide …. The present paper primarily aims to study the impact of electronic banking on payment and clearing system and identifies …
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Magnetic Ink Character Recognition (MICR) for cheque dispensation. This MICR based cheque clearing system was originally … trend and growth of e-payment systems in India for the last ten to fifteen years …
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