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Electronic Money Flows describes the far-reaching present changes under way in payments and capital markets. Electronic payment forms are in the process of mold

This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and

This departmental paper discusses the evolving prudential frameworks for nonbank issuers of electronic money. Some jurisdictions take a relatively light-touch a

Following the companion paper on the new policy challenges related to the adoption of digital forms of money, this paper presents an operational strategy for th

The volume of payments handled electronically has increased dramatically in recent years, as have liquidity, volatility and the amount of money flows across bor