Fed: Clean Money, High Costs?
September 29, 2025
September 29, 2025
WASHINGTON, Sept. 29 (TNSRep) -- The Federal Reserve issued the following white paper (No. 2025-1422) in September 2025 by Viktors Stebunovs entitled "Clean Money, High Costs?".
Here is the abstract:
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A cornerstone of the law-and-finance literature is that stronger institutions reduce financial intermediation costs. Using global data on cross-border payment costs, I show this relationship can reverse in heavily regulated sectors. Anti-money . . .
Here is the abstract:
* * *
A cornerstone of the law-and-finance literature is that stronger institutions reduce financial intermediation costs. Using global data on cross-border payment costs, I show this relationship can reverse in heavily regulated sectors. Anti-money . . .