Report NEP-PAY-2026-02-09

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:

• Sasho Arsov & Aleksandar Naumoski & Pece Nedanovski, 2025, "Digital Financial Inclusion And The Level Of Financial Development," Proceedings of the 5th International Conference "Economic and Business Trends Shaping the Future" 2024, Faculty of Economics-Skopje, Ss Cyril and Methodius University in Skopje, number 005, Dec.
• Claire Greene & Oz Shy & Joanna Stavins, 2026, "Merchant Steering of Consumer Payment Choice," Working Papers, Federal Reserve Bank of Boston, number 26-2, Jan, DOI: 10.29412/res.wp.2026.02.
• Xuesong Huang & Todd Keister, 2026, "Stablecoins vs. Tokenized Deposits: The Narrow Banking Debate Revisited," Staff Reports, Federal Reserve Bank of New York, number 1179, Feb, DOI: 10.59576/sr.1179.
• Douglas Cumming & Hisham Farag & Santosh Koirala & Danny McGowan, 2026, "How Disruptive is Financial Technology?," Papers, arXiv.org, number 2601.14071, Jan, revised Jan 2026.
• Michael Junho Lee & Antoine Martin, 2026, "Programming Money Without Programmable Money," Staff Reports, Federal Reserve Bank of New York, number 1180, Feb, DOI: 10.59576/sr.1180.
• Vitaly M. Bord & Agnes Kovacs & Patrick Moran, 2026, "More Credit, More Debt: New Evidence on Automated Credit Decisions," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-01-16-1, Jan, DOI: 10.17016/2380-7172.3964.
• Gersbach, Hans & van Buggenum, Hugo & Zelzner, Sebastian, 2026, "Stablecoins as private money: A policy agenda," CFS Working Paper Series, Center for Financial Studies (CFS), number 738, DOI: 10.2139/ssrn.6107827.
• Bianca He & Lauren Mostrom & Amir Sufi, 2026, "FinTech and Customer Capital," Working Papers, Becker Friedman Institute for Research In Economics, number 2026-14.
• Joseph Abadi & Jesús Fernández-Villaverde & Daniel Sanches, 2026, "International Currency Dominance," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 26-003, 01.
• Rabeh Morrar & Fernando Rios-Avila & Habib Hinn, 2024, "Explaining The Gender Gap in Access to Traditional and Digital Financial Integration in The Aftermath of Covid-19: A Case Study of Palestine," Working Papers, Economic Research Forum, number 1734, Sep, revised 20 Sep 2024.
• Kenechukwu E. Anadu & Patrick E. McCabe & JP Perez-Sangimino & Nathan Swem, 2026, "A Framework for Understanding the Vulnerabilities of New Money-Like Products," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-002, Jan, DOI: 10.17016/FEDS.2026.002.
• Jasna Tonovska & Predrag Trpeski, 2025, "Digital Infrastructures As The New Pipes Of Global Capital," Proceedings of the 5th International Conference "Economic and Business Trends Shaping the Future" 2024, Faculty of Economics-Skopje, Ss Cyril and Methodius University in Skopje, number 031, Dec.
• Michael Junho Lee, 2026, "Composable Finance," Staff Reports, Federal Reserve Bank of New York, number 1177, Jan, DOI: 10.59576/sr.1177.
• Irigoin, Alejandra, 2025, "Managing exchange risk foreign monies and private trade finance in pre-modern long-distance trade (or why did bills of exchange not circulate beyond Europe?)," Economic History Working Papers, London School of Economics and Political Science, Department of Economic History, number 128607, Apr.
• Hanan AbdelKhalik Abouelfarag & Noha Nagi Elboghdadly, 2024, "The Causality between Financial Inclusion and Inclusive Growth: Evidence from A Newly Constructed Index in Egypt," Working Papers, Economic Research Forum, number 1736, Sep, revised 20 Sep 2024.
• Zahid, Haider & Ali, Amjad & Audi, Marc, 2025, "Cryptocurrency Regulation and Financial Disclosure: Cross-Jurisdictional Evidence on Corporate Reporting Practices," MPRA Paper, University Library of Munich, Germany, number 127482.
• Satyajit Chatterjee & Burcu Eyigungor, 2026, "Explaining Contract Heterogeneity in the Credit Card Market," Working Papers, Federal Reserve Bank of Philadelphia, number 26-03, Feb, DOI: 10.21799/frbp.wp.2026.03.
• McCann, Ewen & Giles, David, , "Divisia Monetary Aggregates and the Real User Cost of Money," Department of Economics Discussion Papers, University of Canterbury - New Zealand, number 262891, DOI: 10.22004/ag.econ.262891.
• Bakker, Gerben, 2025, "The terminal revolution: Reuters and Bloomberg as global providers of financial and economic news, 1960-2020," Economic History Working Papers, London School of Economics and Political Science, Department of Economic History, number 129938, Sep.
• Hany Navarra, 2025, "From Buffer to Catalysts: When Financial Institutions Unlock the Long-Run Poverty-Reducing Power of Remittances," RAIS Conference Proceedings 2022-2025, Research Association for Interdisciplinary Studies, number 0562, Aug.