Simonetta Rosati

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In 2007 all ECB publications feature a motif taken from the €20 banknote. * We would like to thank Klaus Löber from ECB, Mr Rony Hamaui from Banca Intesa and Mrs Sophie Gautié from BNP Paribas Securities Settlement for their review and useful comments. The views expressed by the authors do not necessarily reflect those of the European Central Bank,(More)
  • Klára Bakk-Simon, Stefano Borgioli, +7 authors SHADOW BANKING
  • 2012
The authors would like to thank Feline von Heimburg for her contribution to an earlier draft of the paper. They would also like to thank Philipp Hartmann and Ad van Riet for providing useful comments and suggestions. The views expressed in this paper are those of the authors and do not necessarily reflect those of the European Central Bank or the(More)
This paper documents the importance of nonbanks in retail payments in the United States and in 15 European countries and analyses the implications of the importance and multiple roles played by nonbanks on retail payment risks. Nonbanks play multiple roles along the entire payment processing chain. They are prominent in the United States and their presence(More)
Federal Reserve Bank of Kansas City. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Kansas City or the Federal Reserve System. #European Central Bank. The views expressed in this paper are those of the author and do not necessarily reflect the views of the ECB or the(More)
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