Report NEP-PAY-2025-12-01

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.

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Other reports in NEP-PAY

The following items were announced in this report:

• Serkan Arslanalp & Barry Eichengreen & Chima Simpson-Bell, 2025, "Our Underappreciated International Reserve System," NBER Working Papers, National Bureau of Economic Research, Inc, number 34478, Nov.
• Anna L. Paulson, 2025, "Harnessing the Benefits, Minding the Risks of Fintech Innovations," Speech, Federal Reserve Bank of Philadelphia, number 102104, Nov.
• Wenli Cheng, 2025, "The Euro, The Bancor and The Dollar: A Ricardian Model," Monash Economics Working Papers, Monash University, Department of Economics, number 2025-19, Nov.
• Roudari, Soheil & Omidi, Vahid & Ahmadian-Yazdi, Fazaneh, 2024, "The Dynamics of Fossil Fuels, Cryptocurrencies, and Clean Energy: Dose the Energy market's price volatility create an incentive for cryptocurrency mining?," MPRA Paper, University Library of Munich, Germany, number 126833, Mar.
• Leonardo Gambacorta & Nico Lauridsen & Samir Kiuhan-Vásquez & Jermy Prenio, 2025, "Making suptech work: evidence on the key drivers of adoption," BIS Working Papers, Bank for International Settlements, number 1309, Nov.
• Srichander Ramaswamy, 2025, "Wholesale CBDC: Examining the Business Case," Working Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number wp57, Nov, revised Nov 2025.
• Ngunza Maniata, Kevin, 2025, "Digital Finance and Institutional Trust in the DRC: Building the Foundations of Inclusive Growth," MPRA Paper, University Library of Munich, Germany, number 126774, Nov.
• Marzia Morena & Tommaso Truppi, 2025, "Civic Crowdfunding for the Enhancement of Small Italian Municipalities," ERES, European Real Estate Society (ERES), number eres2025_21, Jan.
• Mary C. Daly, 2025, "Modern Central Banking: Monetary Policy Implementation and Communication," Speech, Federal Reserve Bank of San Francisco, number 102110, Nov.
• Nicolás Cachanosky & Emilio Ocampo & Karla Hernández & John Ramseur, 2024, "Did dollarization help Ecuador?," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 877, Jul.
• Giulio Cornelli, 2025, "When bricks meet bytes: does tokenisation fill gaps in traditional real estate markets?," BIS Working Papers, Bank for International Settlements, number 1311, Nov.
• Nicola Cetorelli & Saketh Prazad, 2025, "U.S. Banks Have Developed a Significant Nonbank Footprint," Liberty Street Economics, Federal Reserve Bank of New York, number 20251118a, Nov, DOI: 10.59576/lse.20251118a.
• Marijana Sreckovic & Bernhard Wurdinger, 2025, "Tokenizing Real Estate in Project Development," ERES, European Real Estate Society (ERES), number eres2025_157, Jan.
• Markus Brunnermeier & Jonathan Payne, 2025, "Big techs, credit, and digital money," BIS Working Papers, Bank for International Settlements, number 1306, Nov.
• Babolmorad, N. & Bossaerts, P. & Massoud, N., 2025, "Viral but Vanishing: Investment Advisors, Social Media, and Regulation," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2576, Nov.
• International Monetary Fund, 2025, "Switzerland: Financial Sector Assessment Program-Technical Note on Cyber Risk Supervision," IMF Staff Country Reports, International Monetary Fund, number 2025/296, Nov.
• Qian'ang Mao & Yuxuan Zhang & Jiaman Chen & Wenjun Zhou & Jiaqi Yan, 2025, "Know Your Intent: An Autonomous Multi-Perspective LLM Agent Framework for DeFi User Transaction Intent Mining," Papers, arXiv.org, number 2511.15456, Nov.
• Ghulam Mustafa & Muhammad Hamza Amjad, 2025, "Transforming Real Estate in Pakistan through Blockchain: An Agent-Based Simulations Study," PIDE-Working Papers, Pakistan Institute of Development Economics, number 2025:12.
• Iñaki Aldasoro & Ajit Desai, 2025, "AI agents for cash management in payment systems," BIS Working Papers, Bank for International Settlements, number 1310, Nov.
• Arnold, René & Schneider, Anna, 2025, "The 'Average' Consumer in the Dark Pattern Age – A qualitative exploration into vulnerability and coping strategies exhibited by consumers to inform the Digital Fairness Act," 33rd European Regional ITS Conference, Edinburgh, 2025: Digital innovation and transformation in uncertain times, International Telecommunications Society (ITS), number 331252.
• Hledik Juraj & Konecny Jakub & Christaras Vasileios & Di Girolamo Francesca & Kounelis Ioannis & Pagano Andrea & Bazzanini Andrea & Iacovone Massimo, 2025, "CIPHER: Monitoring Crypto Markets," JRC Research Reports, Joint Research Centre, number JRC143790, Oct.
• Anahit Poghosyan & Gevorg Minasyan, 2025, "Can Financial Behaviour Predict Driving Risk? Evidence from Armenia's Auto Insurance Market," Working Papers, Central Bank of Armenia, number WP-2025-03, Nov.
• Rashad Ahmed & James A. Clouse & Fabio Natalucci & Alessandro Rebucci & Geyue Sun, 2025, "Stablecoins: A Revolutionary Payment Technology with Financial Risks," NBER Working Papers, National Bureau of Economic Research, Inc, number 34475, Nov.
• Rodrigo J. Raad & Juan Pablo Gama, 2025, "Time Consistence And Stable Digital Currency In General Equilibrium," Textos para Discussão Cedeplar-UFMG, Cedeplar, Universidade Federal de Minas Gerais, number 688, Nov.
• Iñaki Aldasoro & Ajit Desai, 2025, "Money Talks: AI Agents for Cash Management in Payment Systems," Staff Working Papers, Bank of Canada, number 25-35, Nov, DOI: 10.34989/swp-2025-35.
• Catalin Dumitrescu, 2025, "CBDC Stress Test in a Dual-Currency Setting," Papers, arXiv.org, number 2511.13384, Nov, revised Dec 2025.
• Matteo Aquilina & Ulf Lewrick & Federico Ravenna & Lorenzo Schönleber, 2025, "The rise of tokenised money market funds," BIS Bulletins, Bank for International Settlements, number 115, Nov.
• AYDIN, Samet, 2025, "Why Does Customer Relationship Management Exist," SocArXiv, Center for Open Science, number j5qaz_v1, Oct, DOI: 10.31219/osf.io/j5qaz_v1.

Report NEP-PAY-2025-12-01

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: