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Author : Bank for International Settlements
Publisher : Unknown
Page : 62 pages
File Size : 55,6 Mb
Release : 1993
Category : Banks and banking, Central
ISBN : IND:30000035493208
Author : Andre Reslow,Gabriel Soderberg,Natsuki Tsuda
Publisher : International Monetary Fund
Page : 43 pages
File Size : 46,7 Mb
Release : 2024-05-15
Category : Business & Economics
ISBN : 9798400272035
Many central banks are currently exploring the possibility of issuing retail central bank digital currency (CBDC). While the primary objective varies between jurisdictions, many central banks consider improved cross-border payments as a potential benefit and previous work has shown that CBDC can help overcome some of the frictions in cross-border payments. CBDC is a safe and liquid asset reducing the number of financial intermediaries and the settlement risk. Designing CBDC systems for cross-border payments is not fundamentally different from tailoring other payment systems. However, the roles and responsibilities might be slightly different in a CBDC system, and the central bank may play a more pivotal role given CBDC’s nature as public money as opposed to commercial bank money. This note draws lessons from ongoing experimentation and research to identify design and policy considerations when developing retail CBDC systems so it may be compatible for cross-border payments. The note focuses on retail CBDC—a CBDC primarily targeting households and non-financial firms—and leaves wholesale CBDC considerations for future work, although many of the discussions are applicable to wholesale CBDC and other forms of money as well.
Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 47,9 Mb
Release : 2003
Category : Banks and banking
ISBN : OCLC:57400160
Author : Anonim
Publisher : Unknown
Page : 72 pages
File Size : 47,7 Mb
Release : 2001
Category : Electronic funds transfers
ISBN : IND:30000100431174
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 98 pages
File Size : 42,8 Mb
Release : 2009-09-14
Category : Business & Economics
ISBN : 9781589068254
The International Transactions in Remittance: Guide for Compilers and Users (RCG) presents concepts, definitions, and classifications related to remittances. It is consistent with the new standards for measuring balance of payments transactions, as contained in the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6). These standards are used globally to compile comprehensive and comparable data. The RCG identifies the main remittances compilation methods currently being used by compilers and discusses in detail the strengths and weaknesses of each method. It is the first manual providing compilation guidance for remittances and is also the first compilation guide based on concepts set out in BPM6. Although the RCG is primarily aimed at remittances data compilers, it may also be useful for users who wish to understand remittances data.
Author : Mr.Ghiath Shabsigh,Mr.Tanai Khiaonarong,Mr.Harry Leinonen
Publisher : International Monetary Fund
Page : 22 pages
File Size : 50,6 Mb
Release : 2020-06-24
Category : Business & Economics
ISBN : 9781513536330
Major transformations in payment and settlements have occurred in generations. The first generation was paper-based. Delivery times for payment instruments took several days domestically and weeks internationally. The second generation involved computerization with batch processing. Links between payment systems were made through manual or file-based interfaces. The change-over period between technologies was long and still some paper-based instruments like checks and cash remain in use. The third generation, which has been emerging, involves electronic and mobile payment schemes that enable integrated, immediate, and end-to-end payment and settlement transfers. For example, real-time gross settlement systems have been available in almost all countries. DLT has been viewed as a potential platform for the next generation of payment systems, enhancing the integration and the reconciliation of settlement accounts and their ledgers. So far, experiments with DLT experimentations point to the potential for financial infrastructures to move towards real-time settlement, flatter structures, continuous operations, and global reach. Testing in large-value payments and securities settlement systems have partly demonstrated the technical feasibility of DLT for this new environment. The projects examined analyzed issues associated with operational capacity, resiliency, liquidity savings, settlement finality, and privacy. DLT-based solutions can also facilitate delivery versus payment of securities, payment versus payment of foreign exchange transactions, and efficient cross-border payments.
Author : Anonim
Publisher : Unknown
Page : 540 pages
File Size : 54,6 Mb
Release : 2003
Category : Banks and banking
ISBN : IND:30000100488414
Author : Group of Ten. Committee on Payment and Settlement Systems
Publisher : Unknown
Page : 68 pages
File Size : 41,9 Mb
Release : 2007
Category : Emigrant remittances
ISBN : IND:30000116154836
Author : Tom Kokkola
Publisher : Unknown
Page : 369 pages
File Size : 55,6 Mb
Release : 2010
Category : Banks and banking, Central
ISBN : 9289906332
"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).
Author : Mr.Tobias Adrian,Mr.Tommaso Mancini Griffoli
Publisher : International Monetary Fund
Page : 20 pages
File Size : 40,8 Mb
Release : 2019-07-15
Category : Business & Economics
ISBN : 9781498324908
This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.
Author : Anonim
Publisher : Unknown
Page : 88 pages
File Size : 45,6 Mb
Release : 2008
Category : Banks and banking
ISBN : IND:30000140011127
Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 51,7 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author : Mr.Tanai Khiaonarong,David Humphrey
Publisher : International Monetary Fund
Page : 43 pages
File Size : 44,9 Mb
Release : 2019-03-01
Category : Business & Economics
ISBN : 9781484399606
The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card—not better. Demand for digital currency will thus be weak in countries where cash use is already very low, due to a preference for cash substitutes (cards, electronic money, mobile phone payments). Where cash use is very high, demand should be stronger, due to a lack of cash substitutes. As the demand for CBDC is tied to the current level of cash use, we estimate the level and trend in cash use for 11 countries using four different measures. A tentative forecast of cash use is also made. After showing that declining cash use is largely associated with demographic change, we tie the level of cash use to the likely demand for CBDC in different countries. In this process, we suggest that one measure of cash use is more useful than the others. If cash is important for monetary policy, payment instrument competition, or as an alternative payment instrument in the event of operational problems with privately supplied payment methods, the introduction of CBDC may best be introduced before cash substitutes become so ubiquitous that the viability of CBDC could be in doubt.
Author : Georg Schwedt
Publisher : GRIN Verlag
Page : 33 pages
File Size : 50,5 Mb
Release : 2008-04
Category : Electronic
ISBN : 9783638931113
Seminar paper from the year 2004 in the subject Business economics - Miscellaneous, grade: 1,0, University of Hamburg, course: European and International Financial Markets, 16 entries in the bibliography, language: English, abstract: According to Art. 56 of the Treaty of the European Communities (EC Treaty) the Common European Market enjoys since its establishment in the year 1993 free movement of capital. Since 1999 the monetary union between 12 EU-states is in operation, since 2002 the euro exists as money. This essay examines the sector of payment and settlement systems within the Common Market, their situation and development towards the common goal of free movement and discover the obstacles. The situation and development assessment is divided into the individual payments sector and the bulk payments sector with. Finally the striking question is: Why does it take so long to integrate the payment sector?
Author : Anonim
Publisher : Unknown
Page : 96 pages
File Size : 55,5 Mb
Release : 2008
Category : Banks and banking, Central
ISBN : IND:30000123481651
