Top Institutions and Economists in the Field of Payment Systems and Financial Technology, as of September 2026

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The scores of institutions in each field are determined by a weighted sum of all scores of authors affiliated with the respective institutions, where the authors have provided weights ("shares") if they have multiple affiliations. The weights are determined, for each author, by the proportion of all working papers announced in NEP that have also been announced in this NEP report.
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Authors who are deceased or whose email address with RePEc is invalid are not counted, the latter under the assumption that they have moved or have died
For institutions: Authors who are deceased or whose email address with RePEc is invalid are not counted, the latter under the assumption that they have moved or have died
There are 9374 institutions with 74391 registered authors evaluated for all the rankings
For Payment Systems and Financial Technology, these are 673 institutions and 854 authors.

The data presented here are experimental. They are based on a sample of the research output in Economics and Finance. Only material catalogued in RePEc is considered. For any citation based criterion, only works that could be parsed by the CitEc project are considered. For any ranking of people, only those registered with the RePEc Author Service can be taken into account. And for rankings of institutions, only those listed in EDIRC and claimed as affiliation by the respective, registered authors can be measured. Thus, this list is by no means based on a complete sample. You can help making this more comprehensive by encouraging more publications to be listed (instructions) and more authors to register (form). For more details on the various rankings that are available as well for documentation, follow this link.

Entity	Full ranking		Last 10 years		10 best authors		Last 10 years, 10 best authors		Top 5% authors		More
Authors	Short	Details	Short	Details							More
Institutions	Short	Details	Short	Details	Short	Details	Short	Details	All years	Last 10	More
Regions	Short	Details	Short	Details							More

Top Institutions

Rank	Institution	Score	Authors	Author Shares
1	Stanford University → Graduate School of Business, Stanford, California (United States)	1.30	7	1.14
2	Toulouse School of Economics (TSE), Toulouse, France	2.39	8	1.96
3	Bank for International Settlements (BIS), Basel, Switzerland	2.55	13	5.50
4	Massachusetts Institute of Technology (MIT) → Economics Department, Cambridge, Massachusetts (United States)	4.04	3	0.60
5	Bank of Canada, Ottawa, Canada	4.41	27	15.82
6	National Bureau of Economic Research (NBER), Cambridge, Massachusetts (United States)	6.16	14	0.41
7	Federal Reserve Bank of New York, New York City, New York (United States)	6.17	14	3.52
8	Princeton University → Department of Economics, Princeton, New Jersey (United States)	7.54	4	0.51
-	Federal Reserve Bank of New York → Research and Statistics Group, New York City, New York (United States)	8.63	11	2.70
9	University of Chicago → Department of Economics, Chicago, Illinois (United States)	9.76	4	1.15
10	New York University (NYU) → Stern School of Business, New York City, New York (United States)	9.82	6	1.34
-	Toulouse School of Economics (TSE) → Institut d'Économie Industrielle (IDEI), Toulouse, France	10.46	2	0.52
11	Federal Reserve Bank of Boston, Boston, Massachusetts (United States)	12.24	13	9.89
12	Bank of Korea, Seoul, South Korea	12.62	2	0.63
13	Massachusetts Institute of Technology (MIT) → Sloan School of Management, Cambridge, Massachusetts (United States)	12.62	6	1.38
14	University of California-Berkeley → Department of Economics, Berkeley, California (United States)	12.96	3	0.61
-	New York University (NYU) → Stern School of Business → Finance Department, New York City, New York (United States)	14.05	2	0.46
15	Federal Reserve Board (Board of Governors of the Federal Reserve System), Washington, District of Columbia (United States)	14.43	8	2.93
-	Duke University → Fuqua School of Business → Finance Area, Durham, North Carolina (United States)	14.53	1	0.29
15	Duke University → Fuqua School of Business, Durham, North Carolina (United States)	14.53	1	0.29
17	Università Commerciale Luigi Bocconi, Milano, Italy	15.62	8	2.78
18	International Monetary Fund (IMF), Washington, District of Columbia (United States)	19.47	12	4.47
19	European Central Bank, Frankfurt am Main, Germany	19.70	10	2.60
20	Lebanese American University → Adnan Kassar School of Business, Beirut/Byblos, Lebanon	20.58	1	0.37
21	Imperial College → Business School, London, United Kingdom	21.77	3	0.90
22	Stevens Institute of Technology → School of Business, Hoboken, New Jersey (United States)	23.54	1	0.23
23	Montpellier Business School, Montpellier, France	23.57	1	0.44
24	University of Chicago → Booth School of Business, Chicago, Illinois (United States)	23.74	2	0.14
25	University of Toronto → Rotman School of Management, Toronto, Canada	23.77	3	0.50
26	Yale University → Economics Department, New Haven, Connecticut (United States)	25.25	3	0.46
27	African Governance and Development Institute (AGDI), Yaoundé, Cameroun	27.52	3	0.57
28	Universität Bern → Department Volkswirtschaftlehre, Bern, Switzerland	28.56	4	0.53
29	Cornell University → SC Johnson College of Business, Ithaca, New York (United States)	29.05	1	0.57
30	de Nederlandsche Bank, Amsterdam, Netherlands	29.88	8	4.32
31	University of Illinois at Urbana-Champaign → College of Business, Urbana-Champaign, Illinois (United States)	31.34	1	0.20
32	SKEMA Business School, Lille, France	31.47	3	1.39
33	Federal Reserve Bank of Philadelphia, Philadelphia, Pennsylvania (United States)	31.92	3	0.86
-	University of Illinois at Urbana-Champaign → College of Business → Department of Finance, Urbana-Champaign, Illinois (United States)	32.37	1	0.20
34	Federal Reserve Bank of Atlanta, Atlanta, Georgia (United States)	32.72	2	0.94
-	Università Commerciale Luigi Bocconi → Innocenzo Gasparini Institute for Economic Research (IGIER), Milano, Italy	33.32	3	0.17
35	Harvard University → Harvard Business School, Cambridge, Massachusetts (United States)	33.89	4	2.05
-	Federal Reserve Bank of Atlanta → Economic Research Department, Atlanta, Georgia (United States)	34.81	2	0.67
36	Centre for Economic Policy Research (CEPR), London, United Kingdom	35.23	19	0.30
37	Universität Mannheim → Abteilung für Volkswirtschaftslehre, Mannheim, Germany	35.67	1	0.32
38	KU Leuven → Faculteit Economie en Bedrijfswetenschappen, Leuven, Belgium	38.80	6	2.32
39	University of California-Santa Barbara (UCSB) → Department of Economics, Santa Barbara, California (United States)	39.50	2	0.94
40	Stanford University → Department of Economics, Stanford, California (United States)	39.63	3	0.61
41	Yale University → School of Management, New Haven, Connecticut (United States)	39.78	2	0.36
42	Stanford University → Stanford Institute for Economic Policy Research (SIEPR), Stanford, California (United States)	42.50	1	0.11
43	University of Pennsylvania → Wharton School of Business, Philadelphia, Pennsylvania (United States)	42.75	4	0.82
-	International Monetary Fund (IMF) → Research Department, Washington, District of Columbia (United States)	43.36	2	0.64
44	Bank for International Settlements → Representative Office for the Americas, México, Mexico	43.75	1	0.54
45	Universiteit van Tilburg → School of Economics and Management, Tilburg, Netherlands	44.55	7	1.05
-	Princeton University → Department of Economics → Bendheim Center for Finance, Princeton, New Jersey (United States)	45.10	2	0.12
46	Bond University → School of Business, Gold Coast, Australia	45.67	1	1
47	Queen Mary University of London → School of Economics and Finance, London, United Kingdom	45.75	3	0.96
-	Federal Reserve Bank of Boston → Economic Research, Boston, Massachusetts (United States)	46.62	6	3.63
48	World Bank Group, Washington, District of Columbia (United States)	46.78	9	4.17
49	HEC Paris (École des Hautes Études Commerciales), Jouy-en-Josas, France	47.12	1	0.13
50	Université Catholique de Louvain → Louvain Institute of Data Analysis and Modelling in Economics and Statistics (LIDAM), Louvain-la-Neuve, Belgium	47.51	5	2.85
-	HEC Paris (École des Hautes Études Commerciales) → Départment Économie et Sciences de la Décision, Jouy-en-Josas, France	48.13	1	0.13
-	Université Catholique de Louvain → Louvain Institute of Data Analysis and Modelling in Economics and Statistics (LIDAM) → Center for Operations Research and Econometrics (CORE), Louvain-la-Neuve, Belgium	49.03	3	1.84
51	London School of Economics (LSE), London, United Kingdom	49.56	4	0.60
52	Tel Aviv University → Eitan Berglas School of Economics, Tel Aviv, Israel	50.10	2	0.88
53	Bank of England, London, United Kingdom	51.20	5	1.05
54	École Polytechnique Fédérale de Lausanne (EPFL) → Collège du Management de la Technologie, Lausanne, Switzerland	51.82	2	0.20
55	Cornell University → College of Agriculture and Life Sciences → Charles H. Dyson School of Applied Economics and Management, Ithaca, New York (United States)	52.69	2	0.33
56	Central Bank of Nigeria, Abuja, Nigeria	53.39	1	0.56
57	Goethe Universität Frankfurt am Main → Fachbereich Wirtschaftswissenschaft, Frankfurt am Main, Germany	53.52	1	0.91
58	Centre de Recherche en Économie et Statistique (CREST), Palaiseau, France	54.20	6	1.72
59	University of Wisconsin-Madison → School of Business, Madison, Wisconsin (United States)	54.72	1	0.10
-	University of Wisconsin-Madison → School of Business → Department of Finance, Investment and Banking, Madison, Wisconsin (United States)	55.81	1	0.10
-	KU Leuven → Faculteit Economie en Bedrijfswetenschappen → Department of Economics, Leuven, Belgium	58.52	2	0.26
60	University of Pennsylvania → Department of Economics, Philadelphia, Pennsylvania (United States)	58.82	1	0.08
61	New York University (NYU) → Department of Economics, New York City, New York (United States)	59.18	2	1.10
62	Université Libre de Bruxelles → Solvay Brussels School of Economics and Management, Bruxelles, Belgium	60.67	3	2.26
-	Loughborough University → Business School → Economics Group, Loughborough, United Kingdom	61.05	2	0.90
62	Loughborough University → Business School, Loughborough, United Kingdom	61.05	2	0.90
-	World Bank Group → Economics Research, Washington, District of Columbia (United States)	61.17	2	0.77
64	University of South Africa (UNISA) → College of Economic and Management Sciences, Pretoria, South Africa	61.25	3	1.51
65	Rutgers University-New Brunswick → Department of Economics, New Brunswick, New Jersey (United States)	61.40	1	0.06
66	European Commission → Joint Research Centre, Sevilla, Spain	61.80	18	6.34
-	Universiteit van Tilburg → School of Economics and Management → CentER Graduate School for Economics and Business, Tilburg, Netherlands	62.43	6	0.68
67	Georgetown University → McDonough School of Business, Washington, District of Columbia (United States)	62.74	1	0.23

Top Authors

Rank	Author	Score
1	Daron Acemoglu Massachusetts Institute of Technology (MIT) → Economics Department, Cambridge, Massachusetts (United States)	2.19
2	Harald Uhlig University of Chicago → Department of Economics, Chicago, Illinois (United States)	4.64
3	Hyun Song Shin Bank of Korea, Seoul, South Korea	7.91
4	Jean Tirole Toulouse School of Economics (TSE) → Institut d'Économie Industrielle (IDEI), Toulouse, France	8.22
5	Peterson K. Ozili Central Bank of Nigeria, Abuja, Nigeria	8.51
6	Barry Eichengreen University of California-Berkeley → Department of Economics, Berkeley, California (United States)	8.71
7	Erik Brynjolfsson	8.71
8	Charles Milton Kahn University of Illinois at Urbana-Champaign → College of Business → Department of Finance, Urbana-Champaign, Illinois (United States)	9.71
9	Markus K. Brunnermeier Princeton University → Department of Economics, Princeton, New Jersey (United States)	10.14
10	Manju Puri Duke University → Fuqua School of Business → Finance Area, Durham, North Carolina (United States)	10.35
11	Leonardo Gambacorta Bank for International Settlements (BIS), Basel, Switzerland	10.97
12	Simplice A. Asongu African Governance and Development Institute (AGDI), Yaoundé, Cameroun	11.73
13	Elie I. Bouri Lebanese American University → Adnan Kassar School of Business, Beirut/Byblos, Lebanon	11.93
14	David Roubaud Montpellier Business School, Montpellier, France	13.50
15	Lin William Cong Cornell University → SC Johnson College of Business, Ithaca, New York (United States)	15.60
16	Douglas J. Cumming Stevens Institute of Technology → School of Business, Hoboken, New Jersey (United States)	16.55
17	Oz Shy Federal Reserve Bank of Atlanta → Economic Research Department, Atlanta, Georgia (United States)	17.07
18	Joanna Stavins Federal Reserve Bank of Boston, Boston, Massachusetts (United States)	17.09
19	Pascual Restrepo Yale University → Economics Department, New Haven, Connecticut (United States)	17.71
20	Josh Lerner Harvard University → Harvard Business School, Cambridge, Massachusetts (United States) National Bureau of Economic Research (NBER), Cambridge, Massachusetts (United States)	18.14
21	Alex O. Acheampong Bond University → School of Business, Gold Coast, Australia	18.78
22	Darrell Duffie Stanford University → Graduate School of Business, Stanford, California (United States)	18.85
23	Susan Athey Stanford University → Graduate School of Business, Stanford, California (United States)	19.09
24	David Larry Yermack New York University (NYU) → Stern School of Business → Finance Department, New York City, New York (United States)	19.27
25	Martin Peitz Universität Mannheim → Abteilung für Volkswirtschaftslehre, Mannheim, Germany	19.42
26	Matthew Aaron Gentzkow Stanford University → Department of Economics, Stanford, California (United States) National Bureau of Economic Research (NBER), Cambridge, Massachusetts (United States)	22.73
27	Jon Frost Bank for International Settlements → Representative Office for the Americas, México, Mexico	23.20
28	Joel Waldfogel	25.86
29	Rodney John Garratt University of California-Santa Barbara (UCSB) → Department of Economics, Santa Barbara, California (United States)	26.34
30	Nicholas M. Odhiambo University of South Africa (UNISA) → College of Economic and Management Sciences → Department of Economics, Pretoria, South Africa	26.67
31	Raphael Auer Bank for International Settlements (BIS), Basel, Switzerland	29.05
32	Joshua Gans University of Toronto → Rotman School of Management, Toronto, Canada	29.16
33	Zhiguo He Stanford University → Graduate School of Business, Stanford, California (United States)	29.26
34	Luigi Zingales University of Chicago → Booth School of Business, Chicago, Illinois (United States)	30.36
35	Amit Seru Stanford University → Graduate School of Business, Stanford, California (United States)	30.65
36	Armin Schwienbacher SKEMA Business School, Lille, France	30.67
37	Bernd Skiera Goethe Universität Frankfurt am Main → Fachbereich Wirtschaftswissenschaft, Frankfurt am Main, Germany	33.47
38	Jonathan Chiu Bank of Canada, Ottawa, Canada	37.39
39	Christopher Waller Federal Reserve Board (Board of Governors of the Federal Reserve System), Washington, District of Columbia (United States)	37.44
40	Antoinette Schoar	39.43
41	Tommaso Valletti Imperial College → Business School, London, United Kingdom	39.99
42	Catherine Tucker Massachusetts Institute of Technology (MIT) → Sloan School of Management, Cambridge, Massachusetts (United States)	40.81
43	Paul Belleflamme Université Catholique de Louvain → Louvain Institute of Data Analysis and Modelling in Economics and Statistics (LIDAM) → Center for Operations Research and Econometrics (CORE), Louvain-la-Neuve, Belgium	42.24
44	Johannes Stroebel New York University (NYU) → Stern School of Business, New York City, New York (United States)	44.43
45	Scott R. Baker University of Wisconsin-Madison → School of Business → Department of Finance, Investment and Banking, Madison, Wisconsin (United States)	46.24
46	Guido Tabellini Università Commerciale Luigi Bocconi → Innocenzo Gasparini Institute for Economic Research (IGIER), Milano, Italy	46.75
47	Wilbert H van der Klaauw Federal Reserve Bank of New York → Research and Statistics Group, New York City, New York (United States)	50.63
48	Ramana Nanda Imperial College → Business School, London, United Kingdom	52.80
49	Alistair Milne Loughborough University → Business School → Economics Group, Loughborough, United Kingdom	53.91
50	Bruno R Biais HEC Paris (École des Hautes Études Commerciales) → Départment Économie et Sciences de la Décision, Jouy-en-Josas, France	54.17
51	Kim P. Huynh Indiana University → Department of Economics, Bloomington, Indiana (United States) Université d'Orléans → Faculté de droit, d'économie et de gestion → Laboratoire d'Économie d'Orléans (LEO), Orléans, France	54.70
52	Wei Xiong Princeton University → Department of Economics → Bendheim Center for Finance, Princeton, New Jersey (United States)	54.93
53	Ro'ee Levy Tel Aviv University → Eitan Berglas School of Economics, Tel Aviv, Israel	54.96
54	Stijn Claessens Yale University → School of Management, New Haven, Connecticut (United States) Centre for Economic Policy Research (CEPR), London, United Kingdom	56.91
55	Bruno Jullien Toulouse School of Economics (TSE), Toulouse, France	58.26
56	Eswar Prasad Cornell University → College of Agriculture and Life Sciences → Charles H. Dyson School of Applied Economics and Management, Ithaca, New York (United States)	59.03
57	Thomas Philippon New York University (NYU) → Stern School of Business → Finance Department, New York City, New York (United States)	59.24
58	Avi Goldfarb University of Toronto → Rotman School of Management, Toronto, Canada	60.33
59	Julapa A. Jagtiani Federal Reserve Bank of Philadelphia, Philadelphia, Pennsylvania (United States)	60.35
60	Jay Pil Choi Michigan State University → Economics Department, East Lansing, Michigan (United States)	62.02
61	David Argente Yale University → School of Management, New Haven, Connecticut (United States)	63.38
62	Jesus Fernandez-Villaverde University of Pennsylvania → Department of Economics, Philadelphia, Pennsylvania (United States)	64.67
63	Catherine Casamatta Toulouse School of Economics (TSE) → Institut d'Économie Industrielle (IDEI), Toulouse, France	65.73
64	Yiping Huang Peking University → China Center for Economic Research (CCER), Beijing, China Peking University → Institute of Digital Finance, Beijing, China	66.08
65	Frank Verboven (F Verboven) KU Leuven → Faculteit Economie en Bedrijfswetenschappen → Department of Economics, Leuven, Belgium	67.30
66	Pierpaolo Benigno Universität Bern → Department Volkswirtschaftlehre, Bern, Switzerland	69.17
67	Giulio Cornelli Bank for International Settlements (BIS), Basel, Switzerland	70.34
68	Michael Kumhof Bank of England, London, United Kingdom	70.82
69	Scott Schuh Federal Reserve Bank of Boston → Economic Research, Boston, Massachusetts (United States)	71.39
70	Luc Laeven European Central Bank, Frankfurt am Main, Germany	71.95
71	Leora F. Klapper World Bank Group → Economics Research, Washington, District of Columbia (United States)	72.69
72	Carol A. Corrado Georgetown University → McDonough School of Business → Center for Business and Public Policy, Washington, District of Columbia (United States)	72.96
73	Dirk Niepelt Universität Bern → Department Volkswirtschaftlehre, Bern, Switzerland	74.70
74	Nicole Jonker de Nederlandsche Bank, Amsterdam, Netherlands	75.26
75	Linda Schilling Washington University in St. Louis → Olin School of Business, St. Louis, Missouri (United States)	76.11
76	Michael David Bordo Rutgers University-New Brunswick → Department of Economics, New Brunswick, New Jersey (United States)	77.98
77	Ricardo Lagos New York University (NYU) → Department of Economics, New York City, New York (United States)	78.85
78	Jacques Bughin Université Libre de Bruxelles → Solvay Brussels School of Economics and Management → TIMES2, Bruxelles, Belgium	79.70
79	Linda S. Goldberg Federal Reserve Bank of New York → Research and Statistics Group, New York City, New York (United States)	81.62
80	Nicola Cetorelli Federal Reserve Bank of New York → Research and Statistics Group, New York City, New York (United States)	84.49
81	Alessandro Bonatti Massachusetts Institute of Technology (MIT) → Sloan School of Management, Cambridge, Massachusetts (United States)	84.82
82	Maria Soledad Martinez Peria International Monetary Fund (IMF) → Research Department, Washington, District of Columbia (United States)	86.06
83	David M. Byrne Federal Reserve Board (Board of Governors of the Federal Reserve System), Washington, District of Columbia (United States)	86.58
84	Maarten R.c. van Oordt (Maarten van Oordt) Vrije Universiteit Amsterdam → School of Business and Economics, Amsterdam, Netherlands	87.67
85	Michael Ewens Columbia University → Graduate School of Business, New York City, New York (United States)	88.12

Credits:

Citations from CitEc project by José Manuel Barrueco Cruz, University of Valencia, Spain. Hardware provided by Instituto Valenciano de Investigaciones Económicas (IVIE), Valencia, Spain.
Abstract views and downloads statistics from LogEc project by Sune Karlsson, Örebro University, Sweden.
Author registration, institution database, and ranking computations by Christian Zimmermann.
RePEc has been initiated by Thomas Krichel.

We do our best, but we cannot exclude errors.

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