Statistics On Payment And Settlement Systems In Selected Countries
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The Payment System
Author | : Mr.Bruce J. Summers |
Publisher | : International Monetary Fund |
Total Pages | : 232 |
Release | : 1994-12-15 |
Genre | : Business & Economics |
ISBN | : 9781557753861 |
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.
Implications for Central Banks of the Development of Electronic Money
Author | : Bank for International Settlements |
Publisher | : |
Total Pages | : 40 |
Release | : 1996 |
Genre | : Banks and banking, Central |
ISBN | : |
Cash Use Across Countries and the Demand for Central Bank Digital Currency
Author | : Mr.Tanai Khiaonarong |
Publisher | : International Monetary Fund |
Total Pages | : 43 |
Release | : 2019-03-01 |
Genre | : Business & Economics |
ISBN | : 1484399609 |
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.
Securities Clearance and Settlement Systems
Author | : Mario Guadamillas |
Publisher | : World Bank Publications |
Total Pages | : 44 |
Release | : 2001 |
Genre | : Banks and banking |
ISBN | : |
How to assess securities clearance and settlement systems, based on international standards and best practices.
The Payment System
Author | : Tom Kokkola |
Publisher | : |
Total Pages | : 369 |
Release | : 2010 |
Genre | : Banks and banking, Central |
ISBN | : 9789289906333 |
"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).
The Federal Reserve System Purposes and Functions
Author | : Board of Governors of the Federal Reserve System |
Publisher | : |
Total Pages | : 0 |
Release | : 2002 |
Genre | : Banks and Banking |
ISBN | : 9780894991967 |
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.
Oversight Issues in Mobile Payments
Author | : Tanai Khiaonarong |
Publisher | : International Monetary Fund |
Total Pages | : 35 |
Release | : 2014-07-15 |
Genre | : Business & Economics |
ISBN | : 1498331572 |
This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.
General Principles for International Remittance Services
Author | : Group of Ten. Committee on Payment and Settlement Systems |
Publisher | : |
Total Pages | : 68 |
Release | : 2007 |
Genre | : Emigrant remittances |
ISBN | : |