Report NEP-PAY-2026-07-20

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:

• Niepelt, Dirk, 2026, "Central Bank Digital Currency and Monetary Architecture," CEPR Discussion Papers, Centre for Economic Policy Research, number 21141, Feb.
• Ahmed, Rashad & Rebucci, Alessandro & Clouse, James & Natalucci, Fabio & Sun, Geyue, 2025, "Stablecoins: A Revolutionary Payment Technology with Financial Risks," CEPR Discussion Papers, Centre for Economic Policy Research, number 20833, Nov.
• Pablo D. Azar & Jeff Garofano, 2026, "Synthetic Stablecoins and Financial Stability," Liberty Street Economics, Federal Reserve Bank of New York, number 20260623, Jun, DOI: 10.59576/lse.20260623.
• Benigno, Pierpaolo, 2026, "Stablecoins and Central Bank Digital Currencies: Who Supplies Liquidity?," CEPR Discussion Papers, Centre for Economic Policy Research, number 21033, Jan.
• Athanassiou, Phoebus & Czák-Ludwig, Stephanie & Di Gabriele, Nico, 2026, "Neo-conglomerates and EU regulatory perimeter challenges – state of play and evaluation of policy options," Occasional Paper Series, European Central Bank, number 394, Jul.
• Barrios, John & Bertsch, Christoph & Schilling, Linda, 2026, "One Asset, Two Financial Systems: Stablecoins and the Transmission of Runs between Decentralized and Traditional Finance," MPRA Paper, University Library of Munich, Germany, number 129798, Jun.
• Bisceglia, Michele & Bonatti, Alessandro & Scott Morton, Fiona, 2025, "Regulating Privacy Policies on Digital Platforms," CEPR Discussion Papers, Centre for Economic Policy Research, number 20842, Nov.
• Rama Siva Sarwari Mallela & Manuele Leonelli, 2026, "Crashing Together, Rallying Apart: Dynamic Conditional Tail Dependence in Cryptocurrency Markets," Papers, arXiv.org, number 2606.16840, Jun.
• Karlan, Dean & Lambon-Quayefio, Monica & Manjeer, Utsav & Udry, Christopher, 2026, "Access to Digital Credit for Smallholder Farmers: Experimental Evidence from Ghana," CEPR Discussion Papers, Centre for Economic Policy Research, number 21177, Feb.
• Johnen, Johannes & Shekhar, Shiva, 2025, "Foreclosure Incentives with Network Effects: A Framework for Screening Digital Mergers," CEPR Discussion Papers, Centre for Economic Policy Research, number 20899, Dec.
• Rachid Maghniwi & Mustapha Oukassi, 2026, "The Necessity of Open Banking to Face Neobanks in Morocco: Empirical Evidence and Strategic Imperatives
  [La Nécessité de l'Open Banking face aux Néo-banques au Maroc : Évidence Empirique et Impératifs Stratégiques]," Post-Print, HAL, number hal-05638599, Apr, DOI: 10.5281/zenodo.19666742.
• Chen Lin & Eswar S. Prasad & Daniel Rabetti & Che Zhang, 2026, "Digital Safe Havens: The Economics of Tokenized Treasuries," NBER Working Papers, National Bureau of Economic Research, Inc, number 35412, Jul.
• Haese, Jérémie & Kretschmer, Tobias & Peukert, Christian, 2026, "(How) Can Advertising Solve the Chicken-and-Egg Problem? Early Stage Dynamics of Platform Markets," CEPR Discussion Papers, Centre for Economic Policy Research, number 21012, Jan.
• Nina R. Acree & Kayleigh Barnes & Alexander Bruce & Simona Hannon, 2026, "“Buy Now, Pay Later” Beyond “Pay in 4”, A Comprehensive Product Overview," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-06-05-2, Jun, DOI: 10.17016/2380-7172.4094.
• Hui He & Yao Zhao & Dayong Zhou, 2026, "Stablecoins and Macroeconomic Stability: A DSGE Investigation," IMF Working Papers, International Monetary Fund, number 2026/129, Jun.
• Alvarez, Fernando & Argente, David & Lippi, Francesco & Méndez, Esteban & Van Patten, Diana, 2026, "Strategic Complementarities in a Dynamic Model of Technology Adoption: P2P Digital Payments," CEPR Discussion Papers, Centre for Economic Policy Research, number 21211, Feb.
• Shoib, Zulekha & Lohana, Sneha, 2026, "Digital Work, Earnings Premiums, and the Gender Gap: Evidence from Pakistan's Labour Force Survey 2024–25," MPRA Paper, University Library of Munich, Germany, number 129903, May.
• Jiao Wang & Sambit Bhattacharyya & Stephen Lartey & Chirantan Chatterjee, 2026, "Demonetisation, Crime Perception and Welfare: Theory and Evidence from Kenya," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2026-58, Jul.
• Nicola Cetorelli & Shohini Kundu, 2026, "Capitalizing on Nonbanks: Regulatory Arbitrage Within Bank Holding Companies," Liberty Street Economics, Federal Reserve Bank of New York, number 20260715, Jul, DOI: 10.59576/lse.20260715.
• Gambacorta, Leonardo & Lauridsen, Nico & Kiuhan-Vásquez, Samir & Prenio, Jermy, 2025, "Making Suptech Work: Evidence on the Key Drivers of Adoption," CEPR Discussion Papers, Centre for Economic Policy Research, number 20964, Dec.
• Lusardi, Annamaria, 2025, "Improving Financial Literacy: From Corporate Finance to Personal Finance," CEPR Discussion Papers, Centre for Economic Policy Research, number 20924, Dec.
• Mazurina Mohd Ali, 2026, "Cybercrime in the Banking Sector: A Systematic Review and Future Research Directions," GATR Journals, Global Academy of Training and Research (GATR) Enterprise, number afr250, Jun, DOI: https://doi.org/10.35609/afr.2026.1.
• Lorie Logan, 2026, "Opening remarks for 'Market Liquidity and Leverage in a Digital Age' panel," Speeches and Essays, Federal Reserve Bank of Dallas, number 103515, Jul.
• Stuart, Rebecca & Kaufmann, Daniel, 2026, "Private Money and Money Market Integration: The Role of Payments Infrastructure in 19th Century Switzerland," CEPR Discussion Papers, Centre for Economic Policy Research, number 21151, Feb.
• Ghezzi, Fabrizio & Timmermann, Allan & Yang, Max, 2026, "Gauging Hourly Economic Activity in Your Neighborhood," CEPR Discussion Papers, Centre for Economic Policy Research, number 21098, Jan.
• Monnet, Eric, 2026, "Persistence in a Changing World. Gold Backing and Monetary Policy Autonomy Under Bretton Woods," CEPR Discussion Papers, Centre for Economic Policy Research, number 21215, Feb.