Currency Use And Payment Patterns

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Currency Use And Payment Patterns

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Author : W.C. Boeschoten
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Currency Use And Payment Patterns written by W.C. Boeschoten and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.

Acknowledgements The work underlying this study was performed at the Econometric and Special Studies Department of the Nederlandsche Bank, where many contributed to it. I am indebted to all the statistical assistants of the department, especially to Anja Wouters and Rob Vet for their patient assistance in building up the data sets and analysing the survey data. Also Corina den Broeder rendered devoted and persistent research assistance with respect to the multicountry analysis during her stay at the Bank and I am grateful to Mike Clements of the Bank of England for his careful reading and commenting on that part. My collegues Peter van Els and Carlo Winder made some valuable suggestions. Liesbeth Klein and Coen Collee helped me avoid a number of errors in English, and thanks to the skilful efforts of Marietta Bakker, Gita Gajapersad and Carolien Verhoeven the text looks as it does. Above all, lowe a debt of gratitude to Martin Fase, one of the pioneers in this field of research, for his efforts and contribution to the improvement of this study. INTRODUCTION We seem to be well on the way to a cashless society. Paradoxically, however, the majority of the transactions are still paid in cash even in the most advanced economies. A second paradoxical observation is that, despite the primary and common character of currency, the economic theory on the use of and demand for cash is only rarely supported by empirical evidence.

Currency Usage For Cross Border Payments

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Author : Hector Perez-Saiz
language : en
Publisher: International Monetary Fund
Release Date : 2023-03-24

Currency Usage For Cross Border Payments written by Hector Perez-Saiz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-24 with Business & Economics categories.

While the global usage of currencies other than the U.S. dollar and the euro for cross-border payments remains limited, rapid technological (e.g. digital money) or geopolitical changes could accelerate a regime shift into a multipolar or more fragmented international monetary system. Using the rich Swift database of cross-border payments, we empirically estimate the importance of legal tender status, geopolitical distance, and other variables vis-à-vis the large inertia effects for currency usage, and perform several forecasting simulations to better understand the role of these variables in shaping the future payments landscape. While our results suggest a substantially more fragmented international monetary system would be unlikely in the short and medium term, the impact of new technologies remains highly uncertain, and much more rapid geopolitical developments than expected could accelerate the transformation of the international monetary system towards multipolarity.

Transforming Payment Systems In Europe

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Author : Jakub Górka
language : en
Publisher: Springer
Release Date : 2016-04-08

Transforming Payment Systems In Europe written by Jakub Górka and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-08 with Business & Economics categories.

The European payment market has undergone rapid transformation in recent years due to changes in payment habits, new business rules and new legal frameworks and regulation. There has also been an advent of new technologies and payment solutions which has altered the European payments landscape drastically. This book provides an overview of the fundamental issues involved in this new payments landscape. The authors discuss fundamental problems such as substitution between cash and non-cash payment instruments, payment costs, the economics of fees, and the demand for cash and deposit money. They also analyse issues such as two-sided markets, business platforms and the problem of critical mass. Other chapters focus on new phenomena in payments such as mobile payments, multi-sided platforms, electronic wallets, virtual currencies, decentralised ledgers, private digital currencies, blockchain and instant payments. The authors also review existing regulation for the topic including the revised Payment Services Directive (PSD2), Interchange Fee Regulation (IF/MIF Reg), and the Single Euro Payments Area (SEPA) project. Transforming Payment Systems in Europe offers insight into changing payment culture and the ways in which new payment systems can create a single digital market to foster further integration in Europe.

Global Cross Border Payments

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Author : Mr. Eugenio M Cerutti
language : en
Publisher: International Monetary Fund
Release Date : 2025-06-13

Global Cross Border Payments written by Mr. Eugenio M Cerutti and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-13 with categories.

Cross-border payments are essential to the global financial system, facilitating trade and investment. The global cross-border traditional and crypto payment market approached a value of about one quadrillion dollars in 2024, with crypto payments representing only a small fraction despite their recent surge. Focusing on data from Swift—the largest traditional cross-border financial messaging network—we study the characteristics and evolving patterns of these payments over 2021-24. Notably, payments are predominantly concentrated in advanced economies, and are driven by financial institutions and large transactions. While currency usage remains stable—with the U.S. dollar maintaining the largest share—the Chinese renminbi demonstrates signs of increasing global integration, albeit from a low base. Gravity model estimates confirm that traditional economic linkages, via trade, portfolio investment, and FDI, shape cross-border payments. However, aggregate dynamics mask substantial heterogeneity across message types (customer vs. financial related payments), currencies, and transaction sizes, with information asymmetries playing a diminished role in larger payments.

The Payment System

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Author : Mr.Bruce J. Summers
language : en
Publisher: International Monetary Fund
Release Date : 1994-12-15

The Payment System written by Mr.Bruce J. Summers and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-12-15 with Business & Economics categories.

This book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy. The authors of the twelve papers included in the book are central banking experts from around the world who draw on their experiences in providing technical assistance to the central banks of the countries of the former U.S.S.R.

Competing Technologies For Payments Automated Teller Machines Atms Point Of Sale Pos Terminals And The Demand For Currency

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Author :
language : en
Publisher: Fundacion BBVA
Release Date :

Competing Technologies For Payments Automated Teller Machines Atms Point Of Sale Pos Terminals And The Demand For Currency written by and has been published by Fundacion BBVA this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.

Global Organized Crime And International Security

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Author : Emilio C. Viano
language : en
Publisher: Routledge
Release Date : 2018-12-21

Global Organized Crime And International Security written by Emilio C. Viano and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-21 with Social Science categories.

Published in 1999, this book focuses on organized crime as a worldwide phenomenon that has taken great advantage of enabling technology in banking, communications and transportation to build what is probably the first true 'virtual' corporation in the world. It looks at organized crime as a threat to national and international security ironically stemming, in part, from the collapse of the Soviet empire that provided an already thriving, ruthless and well-organized system of graft, corruption and crime with a new lease of life and also unleashed it on to the world scene. Organized crime is also seen as a system of transnational alliances with the potential to destabilize democratic values and institutions; distort regional, if not worldwide, economies; and subvert the international order by allying itself with terrorist organizations, rogue states and developing countries in search of rapid industrialization and market dominance.

Some Lessons From Asian E Money Schemes For The Adoption Of Central Bank Digital Currency

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Author : Tao Sun
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-09

Some Lessons From Asian E Money Schemes For The Adoption Of Central Bank Digital Currency written by Tao Sun and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-09 with Business & Economics categories.

This paper synthesizes four lessons from the experiences of six Asian e-money schemes for central banks as they consider adopting central bank digital currency (CBDC): (i) CBDC should embody four attributes: trust, convenience, efficiency, and security; (ii) CBDC service providers can facilitate CBDC adoption through four channels: leveraging digital technology, targeting use cases, developing business models, and complying with legal and regulatory requirements; (iii) central banks could incentivize CBDC service providers to develop these four channels when considering CBDC adoption; and (iv) central banks may be able to establish data-sharing arrangements that preserve privacy while leaving room for CBDC service providers to explore the economic value of data.

Economic Review

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Author :
language : en
Publisher:
Release Date : 2003

Economic Review written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Banks and banking categories.

The Payment System

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Author : Tom Kokkola
language : en
Publisher:
Release Date : 2010

The Payment System written by Tom Kokkola and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Banks and banking, Central categories.

"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).