We study a novel policy tool—interest rate uncertainty—that can be used to discourage inefficient capital inflows and adjust the composition of external accounts between short-term securities foreign direct investment (FDI). identify trade-offs faced in navigating balance price stability. The interest uncertainty discourages mainly through portfolio risk precautionary saving channels. A markup ...

This paper presents two related activities, the first is the OASIS Digital Signature Services (DSS) standard, the second is the application of digital signatures to electronic invoicing as recognised under recent European legislation. DSS can be used to support a range of signature formats including the binary “cryptographic message syntax” and XML signatures, as well as related extended format...

The research described in this paper concerns the automation of back-office workflows for capacity management hospitality services: continuously monitoring clients’ reservations and hotel registrations automatically updating decisions that establish optimal staffing levels to assure dependable accurate services with minimum personnel cost, maintaining a minimal stable workforce level. service c...

We provide micro-econometric evidence that, following the large and persistent sterling depreciation after Brexit referendum, on impact, exchange rate pass-through (ERPT) was complete for transactions invoiced in producer currency low sales either a vehicle or destination market currency. Yet these differences strikingly narrowed within six quarters. A weaker did not translate into gain price c...

The existence of an uncovered liability has historically benefited foreign banks and lead currencies. Using the case China’s efforts to fund its exchange needs by exploiting loopholes in international financial architecture, paper examines whether using state-owned settlement as a means intermediating specialised ‘non-deliverable’ asset offshore markets can substitute institutional technical pr...

With the growth of open access (OA), financial flows in scholarly journal publishing have become increasingly complex, but comprehensive data on and transparency these are still lacking. The opacity is especially concerning for hybrid OA, where subscription-based journals publish individual articles as OA if an optional fee paid. This study addresses lack by leveraging Elsevier article metadata...

Electronic Invoice Presentment and Payment (EIPP) can assist corporate treasurers in cash management and can be integrated with e-marketplaces and other B2B financial settlement activities. Its interactive approach to dispute resolution and robust payment options are critical if corporate financiers are to secure the advantages of B2B marketplaces and straight through processing (STP). Cash man...

Abstract Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of the our sample invoiced neither sterling nor exporter’s currency. We then study relationship between currencies and response import unit values to exchange rate changes. currency, are much sensitive changes bilateral rate. Pass-through therefore ...