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Using data from Canada and the United States, we quantify consumers' net pecuniary cost of using cash, credit cards, and debit cards for purchases across income cohorts. The net cost includes fees paid to financial institutions, rewards received from credit or debit card issuers, and the...
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Deutsche Bundesbank -- Chapter 6: The Bank of France -- Chapter 7: The Bank of Italy - Banca d’ Italia -- Chapter 8: The … Central Bank of Spain - (Banco de España) -- Chapter 9: The Prudential Regulation Authority -- Chapter 10: China Banking … Insurance Regulatory Commission -- Chapter 11: The Reserve Bank of India -- Chapter 12: The Bank of “South” Korea -- Chapter 13 …
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Digital Innovation in Financial Services' is a comprehensive legal assessment of FinTech or digital financial innovation covering its potential applications to payments, securities clearing and settlement, crowd-funding, and central banking. It is the first systematic attempt at proposing a...
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deepening integration of China into global financial markets and its move from an indirect bank-based system towards a direct …
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In the United States prior to 1863 each bank issued its own distinct notes. E-money shares many of the characteristics … of these bank notes. This paper describes some lessons relevant to e-money from the U.S. experience with state bank notes …. It examines historical evidence on how well the bank notes - a privately-issued currency system with multiple issuers …
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