The Rise of Payment and Contracting Platforms

By Tobias Adrian, Tommaso Mancini Griffoli

June 19, 2023

Preview Citation

Format: Chicago

Tobias Adrian, and Tommaso Mancini Griffoli. The Rise of Payment and Contracting Platforms, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

This Note explores the design and governance of platforms to enhance cross-border payments in line with public policy goals. While much innovation in recent years has more narrowly targeted end-user frictions, the vision in this paper is based on the mandate of the IMF, governed by the central banks and finance ministries of 190 member countries. Cross-border payments present the foundation for the global financial system, and its functioning is overseen by the IMF.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central Bank digital currencies, Central Banks, Crime, Economic sectors, Financial crises, Foreign exchange, Information and data management, International reserves, Technology

Keywords: Anatomy of payment, Anti-money laundering and combating the financing of terrorism (AML/CFT), Central bank digital currencies, Cross-border payment, Cross-border payments, Digital money, Foreign exchange, Global, Information and data management, International reserves, Note 2023/005, Platform operator, Platforms, Programmability encryption, Settlement, XC platform

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Fintech Notes No 2023/005
Stock No:

FTNEA2023005
ISBN:

9798400245749
ISSN:

2664-5912

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