The Rise of Payment and Contracting Platforms

Author: Mr. Tobias Adrian and Mr. Tommaso Mancini Griffoli

This Note explores the design and governance of platforms to enhance cross-border payments in line with public policy goals.

Volume/Issue: Volume 2023 Issue 005

Publication date: June 2023

ISBN: 9798400245749

$5.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Economics / General , cross-border payments , platforms , central bank digital currencies , digital money , foreign exchange , settlement , programmability encryption , cross-border payment , note 2023/005 , anatomy of payment , XC platform , platform operator , International reserves , Information and data management , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Global

Also of interest

BigTech in Financial Services: Regulatory Approaches and Architecture

Capital Flow Management Measures in the Digital Age: Challenges of Crypto Assets

Implications of Central Bank Digital Currency for Monetary Operations

Positioning Central Bank Digital Currency in the Payments Landscape

Summary

This Note explores the design and governance of platforms to enhance cross-border payments in line with public policy goals. While much innovation in recent years has more narrowly targeted end-user frictions, the vision in this paper is based on the mandate of the IMF, governed by the central banks and finance ministries of 190 member countries. Cross-border payments present the foundation for the global financial system, and its functioning is overseen by the IMF.