Report

Central bank digital currencies for cross-border payments

Bank of International Settlements
July 9, 2021

Joint report to the G20 by the Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund (IMF) and the World Bank. The report analyses how CBDCs could facilitate enhanced cross-border payments, and how practical efforts are taking these considerations forward.

Subscribe to receive updates from Bank of International Settlements

Most recent by Bank of International Settlements

<img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" />

report

January 20, 2022

Gatekeeping the gatekeepers: when big techs and fintechs own banks – benefits, risks and policy options

FSI Insights No 39, January 2022. The latest FSI Insight looks into the strategies that authorities can employ to meet those challenges and the implications for public backstops....

Bank of International Settlements

<img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" />

report

January 19, 2022

Bank opacity – patterns and implications

by Stefan Avdjiev and Maximilian JagerWe investigate the patterns and implications of bank opacity in Europe using a rich bank-level data set....

Bank of International Settlements

<img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" />

report

January 18, 2022

Monetary policy and endogenous financial crises

by Frederic Boissay, Fabrice Collard, Jordi Galí and Cristina ManeaWe study whether a central bank should deviate from its objective of price stability to promote financial stability....

Bank of International Settlements

<img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" />

report

January 13, 2022

Informational switching costs, bank competition, and the cost of finance

by José Renato Haas Ornelas, Marcos Soares da Silva and Bernardus F Nazar Van DoornikThis paper studies the links between competition in the lending market and spreads of bank loans in Brazil....

Bank of International Settlements

<img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024/1024;" /><noscript><img src="https://speevr.com/wp-content/uploads/2021/06/bis-bank-for-international-settlements-logo-1024x1024.png" />

report

January 13, 2022

Central bank digital currencies (CBDCs) in Latin America and the Caribbean

by Viviana Alfonso C, Steven Kamin and Fabrizio ZampolliOur statistical analysis identifies important drivers of engagement in CBDC development: the extent of innovation, the presence of fast payment systems, government effectiveness, financial account ownership, financial development more generally and...

Bank of International Settlements