Download This PaperPayments Without Borders
13 Pages Posted: 27 Mar 2020
Date Written: March 1, 2020
Abstract
Cross-border and multicurrency payment systems have the potential to make cross-border payments faster, cheaper and more transparent. A simple taxonomy reviews the different designs and functionality of existing systems. Such systems remain rare, and most handle small volumes and values. However, a number of new projects will go live in the next few years.
JEL Classification: E42
Suggested Citation: Suggested Citation
Bech, Morten L. and Faruqui, Umar and Shirakami, Takeshi, Payments Without Borders (March 1, 2020). BIS Quarterly Review, March 2020, Available at SSRN: https://ssrn.com/abstract=3561190
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