The Analysis of Payment Systems Efficiency

There are various policy approaches to payment systems efficiency. Here we consider some common analytical frameworks, namely the risk-cost frontier, settlement delay-liquidity usage, economies of scale, and product life-cycle approaches. We do this to examine the use of payment instruments and their implications for payment systems efficiency, to compare pricing policies of central bank payment services, and to focus on pricing methods, payment transactions, fees, costs and revenue, and measures to enhance efficiency. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.