Report NEP-PAY-2026-07-27

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:

• Bofinger, Peter, 2025, "Stablecoins and the Future of Money: Economic Principles and Policy Implications," CEPR Discussion Papers, Centre for Economic Policy Research, number 20583, Aug.
• Grigoriy Korolev, 2026, "Facts and fantasies about DeFi: Lending, DEX and Derivatives," Working Papers, New Economic School (NES), number sp0002, Apr.
• Diego R. Llanos, 2026, "Open Bitcoin Metrics: Verifiable Full-Node-Derived Bitcoin Time Series for Economic Research," Papers, arXiv.org, number 2607.03124, Jul.
• Hui Gong, 2026, "Agent-to-Agent Finance: Blockchain Payments and Trust Infrastructure for Autonomous AI Agents," Papers, arXiv.org, number 2607.00245, Jun.
• Flowerday, Ethan & Gandal, Neil & Halaburda, Hanna & Olson, Eric & Ardel, Gabriela, 2025, "Bitcoin Arbitrage: The Role of a Single Exchange," CEPR Discussion Papers, Centre for Economic Policy Research, number 20567, Aug.
• Michelle W. Bowman, 2026, "Responsible Innovation and Financial Inclusion: A speech at Next-Gen Financial Inclusion,” the third annual Financial Inclusion Conference hosted by the Federal Reserve Board, Washington, D.C. (via pre-recorded video)., July 14, 2026," Speech, Board of Governors of the Federal Reserve System (U.S.), number 103539, Jul.
• Salayeva, Guli & Reyimberganov, Baxrom, 2026, "The Role of FinTech in Promoting Green Investment in Emerging Economies," SocArXiv, Center for Open Science, number c6h2v_v1, Jun, DOI: 10.31219/osf.io/c6h2v_v1.
• Suela Vasil & Armela Maxhelaku, 0000, "Artificial Intelligence and Application Domains in FinTech," Proceedings of Economics and Finance Conferences, International Institute of Social and Economic Sciences, number 15817211.
• Item repec:bge:wpaper:1585 is not listed on IDEAS anymore

• Anderson, Simon & Bedre Defolie, Ozlem, 2025, "Two-Sided Market Pricing with Heterogeneous Users: Theory and App-lication," CEPR Discussion Papers, Centre for Economic Policy Research, number 20700, Oct.
• Grigoriy Korolev, 2026, "Liquidity Provider Position Analysis and Pricing in Automated Market Making Systems," Working Papers, New Economic School (NES), number sp0001, Mar.
• Allan Pedersen, 2026, "Money or Credit, Operationalised: A Comment on Digital Money (The Future of Banking 8)," Philosophers Mint Working Papers, Philosophers Mint, number 5, Jul, DOI: 10.2139/ssrn.7131481.
• Daniele Natalizi & Vatsala Shreeti, 2026, "Competition in retail digital payments," BIS Bulletins, Bank for International Settlements, number 127, Jul.
• Arifovic, Jasmina & Salle, Isabelle & Schilling, Linda, 2025, "Losing Grip? The Quantity Theory of Money under Currency Competition," CEPR Discussion Papers, Centre for Economic Policy Research, number 20529, Aug.
• Schmeling, Maik & Schrimpf, Andreas & Todorov, Karamfil, 2025, "Crypto Carry," CEPR Discussion Papers, Centre for Economic Policy Research, number 20719, Oct.
• Ricardo Correa & Linda S. Goldberg & Ritt Keerati & Juan M. Londono & Fabiola Ravazzolo, 2026, "Fifth Conference on the International Roles of the U.S. Dollar: Stablecoins, Digital Payments, and the International Role of the U.S. Dollar," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-07-16, Jul, DOI: 10.17016/2380-7172.4140.
• Massimo Morelli & Gianmarco I. P. Ottaviano & Tommaso Sonno, 2026, "Protectionism and platform revenues," CEP Discussion Papers, Centre for Economic Performance, LSE, number dp2199, Jul.
• Bigoni, Maria & Camera, Gabriele & Gallo, Edoardo, 2025, "Money and Social Exclusion in Networks," CEPR Discussion Papers, Centre for Economic Policy Research, number 20481, Jul.
• Meghan Ambrosia & Bruce Mizrach, 2026, "Transaction Costs and Speed in the Ethereum Ecosystem: Scalability of the Mainnet and Layer 2s," Papers, arXiv.org, number 2606.22206, Jun.
• Chiu, Jonathan & Ozdenoren, Emre & Yuan, Kathy & Zhang, Shengxing, 2025, "On the Fragility of DeFi Lending," CEPR Discussion Papers, Centre for Economic Policy Research, number 20434, Jul.
• Villar Onrubia Daniel & Brown Ian & Colonna Liane & Cronin Catherine & De Martin Juan Carlos & Fernández Enguita Mariano & Hacker Philipp & Holmes Wayne & Kralj Lidija & Wasson Barbara, 2026, "EU Digital Legislation’s Implications for Education and Training," JRC Research Reports, Joint Research Centre, number JRC147584, Jul.
• Michael S. Barr, 2026, "Will Artificial Intelligence Broadly Raise Living Standards or Drive Income and Wealth Inequality?., A speech at Next-Gen Financial Inclusion,” the third annual Financial Inclusion Conference hosted by the Federal Reserve Board., July 14, 2026," Speech, Board of Governors of the Federal Reserve System (U.S.), number 103538, Jul.
• Reuter, Marco & Agur, Itai & Copestake, Alexander & Martínez Pería, Maria Soledad & Teoh, Ken, 2025, "Payment Frictions, Capital Flows, and Exchange Rates," CEPR Discussion Papers, Centre for Economic Policy Research, number 20722, Oct.
• Daniel Eidan & Jon Frost & Rudraksh Kansal & Ulf Lewrick & Sang Hyuk Lim & Tomasz Rybarczyk, 2026, "Blockchain consensus mechanisms and fragmentation," BIS Bulletins, Bank for International Settlements, number 126, Jul.
• Francesco Crespi & Dario Guarascio & Jelena Reljic, 2026, "Technological Sovereignity, Big Tech and the Military-Digital complex," Working Papers in Public Economics, Department of Economics and Law, Sapienza University of Rome, number 283, Jun.
• Weiming Li & Jing Sun & Xinxi Song & Bin Wu, 2026, "From Centrality Discounts to Centrality Premia: Interoperability and Platform Competition in Social Networks," Papers, arXiv.org, number 2607.09269, Jul.
• Houngbonon, Georges V. & Ivaldi, Marc & Palikot, Emil & Strusani, Davide, 2025, "The Impact of Shared Telecom Infrastructure on Digital Connectivity and Inclusion," CEPR Discussion Papers, Centre for Economic Policy Research, number 20523, Aug.
• Yu Peng & Matloob Khushi & Josiah Poon, 2026, "CryptoGAT: Are Time Series Models Effective for Cryptocurrency Forecasting?," Papers, arXiv.org, number 2606.27670, Jun.
• Kretschmer, Tobias & Rasch, Alexander & Shekar, Shiva & Wenzel, Tobias, 2025, "Mandating Privacy Spillovers: Interoperability in Data Markets," CEPR Discussion Papers, Centre for Economic Policy Research, number 20383, Jun.
• Janssen, Maarten & Mauring, Eeva, 2025, "Dual Learning: How and How Much Can Platforms Learn from Searching Consumers?," CEPR Discussion Papers, Centre for Economic Policy Research, number 20381, Jun.
• Bord, Vitaly & Kovacs, Agnes & Moran, Patrick, 2025, "Automated Credit Limit Increases and Consumer Welfare," CEPR Discussion Papers, Centre for Economic Policy Research, number 20622, Sep.
• D'Andrea, Angelo & Hitayezu, Patrick & Kpodar, Kangni & Limodio, Nicola & Presbitero, Andrea, 2025, "Developing the Mortgage Market: Technology, Property Rights, and Banking," CEPR Discussion Papers, Centre for Economic Policy Research, number 20746, Oct.
• Ozdenoren, Emre & Tian, Yuan & Yuan, Kathy, 2025, "Platform Money," CEPR Discussion Papers, Centre for Economic Policy Research, number 20436, Jul.
• Decarolis, Francesco & Li, Muxin, 2025, "Gatekeepers and Self-Preferencing: Incentives and Welfare Trade-offs in Two-sided Markets," CEPR Discussion Papers, Centre for Economic Policy Research, number 20668, Sep.
• Mallett, Richard, 2026, "Afterlives of adverse incorporation: at the limits of platform work with Kampala’s de-automated moto-taxis," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 138252, Jun.
• Bar-Isaac, Heski & Deb, Rahul & Mitchell, Matthew, 2025, "Selling Certification, Content Moderation, and Attention," CEPR Discussion Papers, Centre for Economic Policy Research, number 20348, Jun.
• John C. Driscoll & Benjamin S. Kay & Geng Li & Cindy M. Vojtech, 2026, "The Standards Are in the Mail: Comparing Credit Card Supply Indicators," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-048, Jul, DOI: 10.17016/FEDS.2026.048.
• Michelle W. Bowman, 2026, "Modernizing Financial Regulation: A speech at a Bank Policy Institute London Conference, London, United Kingdom., July 13, 2026," Speech, Board of Governors of the Federal Reserve System (U.S.), number 103521, Jul.
• Kretschmer, Tobias & Loh, Johannes & Wetzler, Sophia, 2025, "Governing Online Community Platforms," CEPR Discussion Papers, Centre for Economic Policy Research, number 20463, Jul.
• Anna Nordstrom, 2026, "The Value of Central Bank Relationships," Speech, Federal Reserve Bank of New York, number 103506, Jul.