Central Banks as Regulators and (also) Operators of Instant Payments Schemes: Confronting the Criticisms of “Needless Intervention” and “Unfair Competition”

We argue it is efficient/desirable for central banks to operate retail Instant Payments (IP) schemes and infrastructure, considering that (i) payment service providers (PSPs) face a problem of collective action, which limits their capacity to deliver a cheap, fast, open-architecture and interoperabl...

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Bibliographic Details
Main Authors: Carlos Ragazzo, Lucas Caminha, Herwig C.H. Hofmann, Felix Pflücke
Format: Article
Language:English
Published: Cambridge University Press 2025-03-01
Series:European Journal of Risk Regulation
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1867299X24000527/type/journal_article
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