Report NEP-PAY-2025-08-18

This is the archive for NEP-PAY, a report on new working papers in the area of Payment Systems and Financial Technology. Bernardo Batiz-Lazo issued this report. It is usually issued weekly.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-PAY

The following items were announced in this report:

• Ozili, Peterson K, 2025, "Geopolitical shocks, capital outflows, financial inclusion and digital financial inclusion," MPRA Paper, University Library of Munich, Germany, number 125567.
• Ozili, Peterson K, 2025, "Financial Inclusion and Digital Financial Inclusion of Forcibly Displaced Persons: Strategies and Challenges," MPRA Paper, University Library of Munich, Germany, number 125563.
• Ethan Buchman & Paolo Dini & Shoaib Ahmed & Andrew Miller & Tomav{z} Fleischman, 2025, "Cycles Protocol: A Peer-to-Peer Electronic Clearing System," Papers, arXiv.org, number 2507.22309, Jul.
• Ozili, Peterson K & Obiora, Kingsley I & Onuzo, Chinwendu, 2025, "Financial inclusion and large language models," MPRA Paper, University Library of Munich, Germany, number 125562.
• C S Mohapatra & Depannita Ghosh, 2025, "A Long-Term Financial Inclusion Strategy for Viksit Bharat:Sustained Digital Literacy, Trust, and Access for All," NCAER Working Papers, National Council of Applied Economic Research, number 183, Jun.
• Luyao Zhang, 2025, "SoK: Stablecoins for Digital Transformation -- Design, Metrics, and Application with Real World Asset Tokenization as a Case Study," Papers, arXiv.org, number 2508.02403, Aug.
• Rees Hagler & Dhiren Patki, 2025, "Why Has Consumer Spending Remained So Resilient? Evidence from Credit Card Data," Current Policy Perspectives, Federal Reserve Bank of Boston, number 2025-10, Aug.
• Yukihiro Nishimura, 2025, "A Novel Argument on Regulating Prices in Two-sided Markets: Finding Win-Win Policy Correctly," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 25-05, Jul.
• Aaron Green & Zihan Nie & Hanzhen Qin & Oshani Seneviratne & Kristin P. Bennett, 2025, "FinSurvival: A Suite of Large Scale Survival Modeling Tasks from Finance," Papers, arXiv.org, number 2507.14160, Jul.
• Arman Abgaryan & Utkarsh Sharma & Joshua Tobkin, 2025, "Decentralised Multi-Manager Fund Framework," Papers, arXiv.org, number 2507.00978, Jul, revised Sep 2025.
• Alex Acheampong & Donghyun Park & Shu Tian, 2025, "Digital Accessibility and Poverty Reduction: Global Perspectives," ADB Economics Working Paper Series, Asian Development Bank, number 794, Aug.
• Isaac Otchere & Zia Mohammed & Witness Simbanegavi, 2025, "Fintech and financial system stability in South Africa," Working Papers, South African Reserve Bank, number 11082, Aug.
• Kozo UEDA, 2025, "Money Flow Business Network," CIGS Working Paper Series, The Canon Institute for Global Studies, number 25-019E, Jul.
• Rodríguez-Pose, Andrés & Sandu, Alexandra, 2025, "Banking on trust: institutional trust and the geography of financial exclusion in Central and Eastern Europe," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 128413, Oct.
• Wishnu Badrawani & Citra Amanda & Novi Maryaningsih & Carla Sheila Wulandari, 2025, "The Role of Digital Payments in Driving Regional Economic Growth: A Panel Data Analysis with Structural Break," Papers, arXiv.org, number 2508.02119, Aug.
• Xiaolin Yu & Jin Seo Cho, 2025, "Fintech Pilot Programs and Digital Innovation: Evidence from Quasi-Natural Experiments in China," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2025rwp-257, Jul.
• Barbereau, Tom & , Thijmen, 2025, "‘Must Fix Trust’: Privacy-enhancing technologies as reductive tool," SocArXiv, Center for Open Science, number 7kaxj_v1, Jul, DOI: 10.31219/osf.io/7kaxj_v1.
• Marina Azzimonti & Vincenzo Quadrini, 2025, "Digital Economy, Stablecoins, and the Global Financial System," NBER Working Papers, National Bureau of Economic Research, Inc, number 34066, Jul.
• Dhanashekar Kandaswamy & Ashutosh Sahoo & Akshay SP & Gurukiran S & Parag Paul & Girish G N, 2025, "Deep Reputation Scoring in DeFi: zScore-Based Wallet Ranking from Liquidity and Trading Signals," Papers, arXiv.org, number 2507.20494, Jul.
• Microsoft Copilot & Stephen E. Spear, 2025, "AI Agents in the Electricity Market Game with Cryptocurrency Transactions: A Post-Terminator Analysis," Papers, arXiv.org, number 2505.14612, May.
• Maretha Roseline Syahnie & Muhammad Ryan Sanjaya, 2024, "Financing MSMEs in Indonesia: Credit and Financial Inclusion," Gadjah Mada Economics Working Paper Series, Department of Economics, Faculty of Economics and Business, Universitas Gadjah Mada, number 202407007, Jul.
• Sicheng Fu & Fangfang Zhu & Xiangdong Liu, 2025, "A Predictive Framework Integrating Multi-Scale Volatility Components and Time-Varying Quantile Spillovers: Evidence from the Cryptocurrency Market," Papers, arXiv.org, number 2507.22409, Jul.
• Antonino Castelli & Paolo Giudici & Alessandro Piergallini, 2025, "Building crypto portfolios with agentic AI," Papers, arXiv.org, number 2507.20468, Jul.
• Ozili, Peterson K, 2025, "Bank non-performing loans research around the world," MPRA Paper, University Library of Munich, Germany, number 125217.
• Iñaki Aldasoro & Jon Frost & Sang Hyuk Lim & Fernando Perez-Cruz & Hyun Song Shin, 2025, "An approach to anti-money laundering compliance for cryptoassets," BIS Bulletins, Bank for International Settlements, number 111, Aug.
• Mikel Bedayo & Eva Valdeolivas & Carlos Pérez, 2024, "The stabilizing role of local claims in local currency on the variation of foreign claims," Working Papers, Banco de España, number 2447, Dec, DOI: https://doi.org/10.53479/38797.
• Atta Ul Mustafa, 2025, "A Simulation-Based Conceptual Model for Tokenized Recycling: Integrating Blockchain, Market Dynamics, and Behavioral Economics," Papers, arXiv.org, number 2507.19901, Jul.
• Simon Brown & Leonardo Bautista-Gomez, 2024, "Exploring Correlation Patterns in the Ethereum Validator Network," Papers, arXiv.org, number 2404.02164, Mar.
• V. I. Danilov, 2025, "On the existence of stable contract systems," Papers, arXiv.org, number 2505.12721, May.

Report NEP-PAY-2025-08-18

This is the archive for NEP-PAY, a report on new working papers in the area of Payment Systems and Financial Technology. Bernardo Batiz-Lazo issued this report. It is usually issued weekly.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-PAY

The following items were announced in this report: