In this paper we introduce and discuss the three drivers of recent intensive payment systems reforms globally in the last 5 years in the process of implementing safe and efficient payment systems. We define the first driver as the strong domestic demand for financial stability and better...

This paper addresses the impact of payment systems on the rate of technology adoption. We present a model where technological shift is driven by demand uncertainty, increased patients' benefit, financial variables, and the reimbursement system to providers. Two payment systems are studied: cost...

A treasury single account (TSA) is an essential tool for consolidating and managing governments’ cash resources, thus minimizing borrowing costs. In countries with fragmented government banking arrangements, the establishment of a TSA should receive priority in the public financial...

Payment services, cash withdrawals and estimate of the shadow economy: an inquiry on the Italian case - Abstract This paper contributes to the debate on the assessment of the size of the shadow economy within the Currency Demand Approach (CDA), answering to the following question: are the...

The present paper presents a theoretical analysis of the approaches on innovation as a determinant of organizational change. A relevant area where technology has produced many effects, bringing the need for innovation in services offered is the financial sector. Following a review of theories on...

Discription of project to reopen bank branches in Iraq in advance of the currency exchange in October 2003. Describes novel use of data over broadband satellite link for distributed network and processes to aid Iraqi inter-bank payment settlements.

Starting from October 2009, redemption of government securities was transferred to the real-time gross settlement system (VIBER) developed for the settlement of time-critical transfers and operated by MNB. This step ensures that the settlement of redemption is performed in the clearing system...