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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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2025-03-01
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| Series: | European Journal of Risk Regulation |
| Subjects: | |
| Online Access: | https://www.cambridge.org/core/product/identifier/S1867299X24000527/type/journal_article |
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