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High-value payment systems (HVPSs) are typically liquidity-intensive because the payment requests are indivisible and settled on a gross basis. Finding the right order in which payments should be processed to maximize the liquidity efficiency of these systems is an NP-hard combinatorial...
Persistent link: https://www.econbiz.de/10013482508
We propose a flexible machine learning (ML) framework for real-time transaction monitoring in high-value payment systems (HVPS), which are a central piece of a country's financial infrastructure. This framework can be used by system operators and overseers to detect anomalous transactions,...
Persistent link: https://www.econbiz.de/10014560400
patterns of bank notes with an administrative dataset from the Bank of Canada's Currency Information Management Strategy. The … first shipped by the Bank of Canada to a financial institution and ending when it is returned to the Bank of Canada. In … of the bank note upon return to the Bank of Canada's distribution centres. K-prototype clustering classifies bank notes …
Persistent link: https://www.econbiz.de/10012262731
An anonymous credential mechanism is a set of protocols that allows users to obtain credentials from an organization and demonstrate ownership of these credentials without compromising users' privacy. In this work, we construct the first secret-free and quantum-safe credential mechanism. The...
Persistent link: https://www.econbiz.de/10014456631
Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might … paper explains these differences between Canada and Sweden by focusing separately on the transactions demand for cash and on … product in both Canada and Sweden. This reflects similar experiences in decreasing cash use for transactions over time due to …
Persistent link: https://www.econbiz.de/10012388827
cash - the only form of central bank money that the public currently has access to - is declining rapidly in many countries … currency (CBDC). We conclude that depositors' need for control could be a reason why cash or a CBDC is essential, even in …
Persistent link: https://www.econbiz.de/10012388834
Providing bank notes is one of the Bank of Canada's core functions. The Bank is therefore interested in whether cash is … distance between the 637 reserve band offices in Canada and their closest cash sources. In this study, these cash sources are …. We provide a perspective on these issues by exploring access of First Nations reserves to cash. To do so, we measure the …
Persistent link: https://www.econbiz.de/10012619175
Chen et al. (2021) show that almost one-third of First Nations band offices in Canada are within 1 kilometre (km) of an … populations and limited access to internet and mobile services. As a result, these First Nations have poor access to cash sources … Nations are generally among the most geographically remote communities in Canada. Further, we show that these First Nations …
Persistent link: https://www.econbiz.de/10013430329
Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might … paper explains these differences between Canada and Sweden by focusing separately on the transactions demand for cash and on … product in both Canada and Sweden. This reflects similar experiences in decreasing cash use for transactions over time due to …
Persistent link: https://www.econbiz.de/10012182838
Privacy is a feature inherent to the use of cash for payments. With steadily increasing market shares of commercial …-preserving means of payments, such as cash, may decline faster than is optimal. …
Persistent link: https://www.econbiz.de/10012033853