Events & Articles
Painting Title: ‘Fire’
Proof-of-work blockchains and settlement finality: a functional interpretation
One of the claims of Bitcoin (Nakamoto, 2008) is that settlement takes place without a central authority. The authors, Ruth Wandhöfer and Ron Berndsen, investigate this claim by comparing Bitcoin’s proof-of-work consensus algorithm to the legal concept of settlement finality used in financial market infrastructures worldwide.
The Future of Correspondent Banking Cross-border Payments
This paper explores whether and how technological innovation, in conjunction with policy measures, can improve the process of correspondent banking cross-border payments.
The future of digital retail payments in Europe: A role for central bank issued crypto cash?
In the broader context of the arrival of distributed ledger technology (DLT) and in light of payments and regulatory innovation in the European market, this paper investigates the changing role of money in retail payments and the associated question as to whether central bank fiat currency risks to fall behind.