This paper investigates how participants react to major incidents in a payment system, contributing to the literature on payment reaction functions.
The journal’s second issue features three very different approaches that use network theory to understand economic and financial phenomena.
This paper considers a network of cross-border SWIFT message flows where nodes are the countries in which the sending and receiving banks are domiciled. The authors analyze how the payment flows reflect or predict various aspects of the real economies.
A number of countries are introducing faster settlement of retail payments due to increasing consumer demand.
We investigate whether overnight unsecured interbank loans and interest rates can be reliably inferred at the market and bank level from central banks’ interbank payments data.
This study examines the effect of retail payment innovations on the use of cash at the point of sale.
Volume 3, Issue 1, 2014
EU regulators have yet to consider their approach to currencies such as Bitcoin
Small but growing, electronic currencies promise privacy and anonymity for users – and plenty of new issues for banks
Pricing, competition and innovation in retail payment systems - Network dynamics of TOP payments - Making the over-the-counter derivatives markets safe - Measuring free riding in large-value payment systems
The impact of microchips on payment card fraud - A central bank perspective on liquidity management - A dual consent approach for payments - Intraday patterns and timing of TARGET2 interbank payments
Auto-collateralization as a liquidity-saving mechanism - (In)efficient investment in financial market infrastructure - Estimating the intraday liquidity risk of financial institutions - Is collateral becoming scarce?
New guidelines outline minimum standards for industry
European Payments Council chair slams European Commission's willingness to allow operation of multiple, national Sepa schemes; says plan would thwart aims of Sepa
Comments released by the European Commission show that European institutions and banking associations disagree over Sepa proposals to seperate end dates
The European Union’s drive to harmonise payments is overly ambitious, warns study
Losses & Lawsuits
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