Report NEP-PAY-2025-10-27

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:

• Mangave, Darshan, 2025. "Invisible Hand in the Age of Algorithms: Revisiting Smith’s Wealth of Nations," MPRA Paper 126154, University Library of Munich, Germany.
• Michael S. Barr, 2025. "Exploring the Possibilities and Risks of New Payment Technologies: A speech at 2025 D.C. Fintech Week, Washington, D.C., October 16, 2025," Speech 101946, Board of Governors of the Federal Reserve System (U.S.).
• Christopher J. Waller, 2025. "Innovation at the Speed of AI: A speech at DC Fintech Week, Arlington, Virginia., October 15, 2025," Speech 101938, Board of Governors of the Federal Reserve System (U.S.).
• Raul A. Carrillo, 2024. "Notes on Money as Technology," Economics Working Paper Archive wp_1070, Levy Economics Institute.
• Christopher J. Waller, 2025. "Embracing New Technologies and Players in Payments: A speech at the Payments Innovation Conference, Federal Reserve Board, Washington, D.C., October 21, 2025," Speech 101979, Board of Governors of the Federal Reserve System (U.S.).
• Stanis{l}aw Dro.zd.z & Robert Kluszczy'nski & Jaros{l}aw Kwapie'n & Marcin Wk{a}torek, 2025. "Multifractality and its sources in the digital currency market," Papers 2510.13785, arXiv.org.
• Kevin D. Tran & Leonardo Madio & Michelangelo Rossi & Mark J. Tremblay, 2025. "Cleanin’ It Up: Unshrouding Hidden Fees on a Peer-to-Peer Platform," Bristol Economics Discussion Papers 25/798, School of Economics, University of Bristol, UK.
• Marie-Hélène Felt & Angelika Welte, 2025. "Untapped Potential: Mobile Device Ownership and Mobile Payments in Canada," Canadian Stata Users' Group Meetings 2025 01, Stata Users Group.
• Maria Teresa Balaguer-Coll & Lorenzo Caldirola & David Conesa & Rodrigo Cuenca De Armas & Emili Tortosa-Ausina, 2025. "Bank branching and economic development: A Bayesian quantile regression approach," Working Papers 2025/08, Economics Department, Universitat Jaume I, Castellón (Spain).
• Michael McRae, 2025. "Vertical Governance of Online Speech: Evidence from Google's Moderation Mandate," Trinity Economics Papers tep1425, Trinity College Dublin, Department of Economics.
• Francesco Montaruli & Roberto Rinaldi, 2025. "The Cambridge School of Monetary Theory: an Empirical Analysis for Italy," Quaderni di storia economica (Economic History Working Papers) 56, Bank of Italy, Economic Research and International Relations Area.
• Jameaba, Muyanja Ssenyonga, 2024. "Digitalization, Emerging Technologies, and Financial Stability: Challenges and Opportunities for the Indonesian Banking Sector and Beyond," MPRA Paper 126280, University Library of Munich, Germany, revised 26 Sep 2025.
• Chahlae El Mrabet El Bannai, 2025. "Digital transformation and adoption of mobile banking in the banking sector of African countries," Post-Print hal-05255346, HAL.
• Weijie Zhong, 2025. "Token Is All You Price," Papers 2510.09859, arXiv.org, revised Dec 2025.
• Younas, Aaqib & Ahmed, Jawad & Audi, Marc, 2025. "Financial Inclusion or Financial Vulnerability? The Dual Effects of Digital Payment Platforms on Consumer Behaviour," MPRA Paper 126075, University Library of Munich, Germany.
• L. Randall Wray, 2024. "The Value of Money: A Survey of Heterodox Approaches," Economics Working Paper Archive wp_1062, Levy Economics Institute.
• Stefan Jacewitz, 2025. "An Analytical Price of Stablecoin “Deposit” Insurance," Research Working Paper RWP 25-15, Federal Reserve Bank of Kansas City, revised 19 Nov 2025.
• Laura Lisset Montiel-Orozco, 2024. "Rise and Fall of Mexican Super Peso: Heterodox Perspective versus Orthodoxy," Economics Working Paper Archive wp_1057, Levy Economics Institute.
• Maxim Bichuch & Zachary Feinstein, 2025. "The Price of Liquidity: Implied Volatility of Automated Market Maker Fees," Papers 2509.23222, arXiv.org.
• Korok Ray & Sindura Saraswathi, 2025. "Optimal Threshold Signatures in Bitcoin," Papers 2509.25408, arXiv.org.
• Aditi Routh & Carly Urban, 2025. "The Complementary Effects of Financial Education and Payday Lending Regulations on Financial Inclusion," Research Working Paper RWP 25-14, Federal Reserve Bank of Kansas City, revised 19 Nov 2025.
• Ghauri, Muhammad Aurang Zaib & Mudassar, Minza & Audi, Marc, 2025. "From Technology Adoption to Strategic Coherence: The Role of Digitalization in Industrial Growth in Developing Countries," MPRA Paper 126074, University Library of Munich, Germany.
• Eric Tymoigne, 2024. "The Origins of the Platonic Approach to Monetary Systems: Retracing European and Chinese Monetary Thoughts on Chartalism, Nominalism, and the Origins of Monetary Systems," Economics Working Paper Archive wp_1058, Levy Economics Institute.
• Abderraouf Ben Ahmed Mtiraoui & Nadia Slimene & Leila Chemli, 2025. "The Bitcoin Price Prediction by Vector Auto-Regression (VAR) Model," Post-Print hal-05253337, HAL.
• Kais Ben Mbarek, 2025. "Guide Pratique De L’Intermédiation Financière," Post-Print hal-05253490, HAL.
• Ignacio Carballo & Martín Grandes & Carla Chinski, 2025. "Financial inclusion, the digital gap and digital payments in informal settlements neighborhoods in Argentina," Documentos de trabajo del Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET) 2025-98, Universidad de Buenos Aires, Facultad de Ciencias Económicas, Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET).
• Suad Aal Thani, 2025. "Framing, Diffusion, and Engagement: Understanding Clickbait and Bias in Digital Content," GATR Journals jmmr349, Global Academy of Training and Research (GATR) Enterprise.