Modern electronic payment systems rely on trusted, central third parties to process payments
securely. Recent developments have seen the creation of digital currencies like Bitcoin …

Money is essential to the workings of a modern economy, but its nature has varied
substantially over time. This article provides an introduction to what money is today. Money …

This paper sets out general principles for the design of financial stability frameworks, starting
from an analysis of the objectives and tools of financial regulation. The paper then offers a …

Whoever wants to come to a good and sound conclusion must not make up his mind before
paying attention to all arguments, or (as the say goes)“bring the verdict to Senate from …

* Los autores son miembros del Directorio de Análisis Monetario del Banco de Inglaterra y
agradecen a Lewis Kirkham por su ayuda en la elaboración de este artículo. Tomado de …

The financial system provides three key services: payment services, intermediation between
savers and borrowers, and insurance against risk. These services support the allocation of …

An interdependent network coupling financial institutions' multiplex (ie multi-layer) and
financial market infrastructures' single-layer networks gives a more accurate picture of a …

Los continuos cambios que se presentan en el mundo, debido a la globalización y
últimamente, por la presencia del COVID-19, provocan que todo ente social reaccione a sus …

Modern central banks have come to view payment systems as a key area of strategic
interest, both as part of their responsibilities for financial stability and for the implementation …

Every day an increasing number of business ventures are founded all over the world,
however, these businesses require financial services to prosper. The conventional banking …