Report NEP-PAY-2025-09-22

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

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Other reports in NEP-PAY

The following items were announced in this report:

• Coste, Charles-Enguerrand & Pantelopoulos, George, 2025. "Central bank money as a catalyst for fungibility: the case of stablecoins," Working Paper Series 3111, European Central Bank.
• A. H. Nzokem, 2025. "Comparing Bitcoin and Ethereum tail behavior via Q-Q analysis of cryptocurrency returns," Papers 2507.01983, arXiv.org.
• ANEGUE, Jean De Dieu, 2025. "Effet Causal des Paiements Mobiles sur la Bancarisation au Cameroun [Causal Effect of Mobile Payments in Banking Acces in Cameroon]," MPRA Paper 126134, University Library of Munich, Germany, revised 10 Sep 2025.
• Craig Steven Wright, 2025. "The Autonomy of the Lightning Network: A Mathematical and Economic Proof of Structural Decoupling from BTC," Papers 2506.19333, arXiv.org, revised Jun 2025.
• Gene Amromin & Kenechukwu E. Anadu & Falk Bräuning & Amy Chapel & Rebecca Chmielewski & Meeoak Cho & Patricia K. Cowperthwait & Lorenzo Garza & Cindy E. Hull & Siobhan Sanders & Sam Schulhofer-Wohl & , 2025. "Technology Providers and Financial Stability: Overview of Risks and Regulatory Frameworks," Working Paper Series WP 2025-08, Federal Reserve Bank of Chicago.
• Craig Steven Wright, 2025. "Rational Miner Behaviour, Protocol Stability, and Time Preference: An Austrian and Game-Theoretic Analysis of Bitcoin's Incentive Environment," Papers 2506.20965, arXiv.org.
• Oscar Camacho & Michelle Garfinkel & Constantinos Syropoulos & Yoto Yotov, 2025. "Geopolitical Frictions and Technology Transfers: Theory and Empirics," Working Papers 202535, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
• Timko, Christina & Ostrode, Nicholas & Roos, Michael W. M., 2025. "Hooked on apps: Governance by responsible interactive behavioral design - A field study," Ruhr Economic Papers 1171, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Dominika Langenmayr & Mikayel Tovmasyan & Sebastian Vosseler, 2025. "Bypassing Sanctions: Hide 'N Seek in Tax Havens?," Working Papers 243, Bavarian Graduate Program in Economics (BGPE).
• Ms. Emine Boz & Anja Brüggen & Camila Casas & Georgios Georgiadis & Ms. Gita Gopinath & Arnaud Mehl, 2025. "Patterns of Invoicing Currency in Global Trade in a Fragmenting World Economy," IMF Working Papers 2025/178, International Monetary Fund.
• Dominika Langenmayr & Mikayel Tovmasyan & Sebastian Vosseler, 2025. "Bypassing Sanctions: Hide 'N Seek in Tax Havens?," Working Papers 202536, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
• Alexander Erlei, 2025. "From Digital Distrust to Codified Honesty: Experimental Evidence on Generative AI in Credence Goods Markets," Papers 2509.06069, arXiv.org.
• Noga Klein Elmalem & Rica Gonen & Erel Segal-Halevi, 2025. "Fair Allocation with Money: What is Your Objective?," Papers 2506.18794, arXiv.org.
• Spears, Taylor C. & Hansen, Kristian Bondo & Xu, Ruowen & Millo, Yuval, 2025. "Governing Synthetic Data in the Financial Sector," SocArXiv ruxkh_v1, Center for Open Science.
• Anderson, Ronald W. & Jõeveer, Karin, 2025. "Bankers’ pay and the evolving structure of US banking," LSE Research Online Documents on Economics 129436, London School of Economics and Political Science, LSE Library.
• Jayanth Athipatla, 2025. "Volatility Modeling via EWMA-Driven Time-Dependent Hurst Parameters," Papers 2509.05820, arXiv.org.
• Yang Chen & Yueheng Jiang & Zhaozhao Ma & Yuchen Cao & Jacky Keung & Kun Kuang & Leilei Gan & Yiquan Wu & Fei Wu, 2025. "MM-DREX: Multimodal-Driven Dynamic Routing of LLM Experts for Financial Trading," Papers 2509.05080, arXiv.org, revised Sep 2025.