We use a simple model to study whether private payment systems based on bank deposits can provide the optimal level of … safety. In the model, bank deposits backed by projects are subject to default risk that can be mitigated by a depositor's ex … ante and ex post monitoring. Safe payment instruments issued by a narrow bank can also be used as a back-up payment system …

We investigate the risks and opportunities to the mandates of central banks arising from fintech developments. Fintech …

In this paper, we discuss whether the ability of individuals to convert commercial bank money (i.e., bank deposits …) into central bank money is fundamentally important for the monetary system. This is a significant question since the use of … cash - the only form of central bank money that the public currently has access to - is declining rapidly in many countries …

retail public money - whether in the form of cash, a central bank digital currency or both - is a necessary component of such …

In April 2022, the Bank of Canada announced that it would continue to use a floor system to implement monetary policy … the deposit rate. In contrast, the Bank's guiding principles of prudence, transparency and neutrality, which govern the … rate close to the Bank's policy interest rate (which is equal to the deposit rate in a floor system). The second is an …

The Nigerian Fintech's space is developing. Traditional financial institutions particularly the banking sector, are … redefining their financial offerings by 'finnovating' and blurring the lines that the average Fintech start-ups had initially … incumbents and start-ups (entrant) in the Fintech ecosystem. This recommended roadmap 'is divided into five (5) sections. The …