Template-Type: ReDIF-Article 1.0 Author-Name: Morten Linnemann Bech Author-Name: Umar Faruqui Author-Name: Takeshi Shirakami Title: Payments without borders Abstract: Cross-border and multicurrency payment systems have the potential to make cross-border payments faster, cheaper and more transparent. A simple taxonomy reviews the different designs and functionality of existing systems. Such systems remain rare, and most handle small volumes and values. However, a number of new projects will go live in the next few years. Journal: BIS Quarterly Review File-URL: http://www.bis.org/publ/qtrpdf/r_qt2003h.pdf File-Format: Application/pdf File-URL: http://www.bis.org/publ/qtrpdf/r_qt2003h.htm File-Format: text/html Year: 2020 Month: March Classification-JEL: E42 Handle: RePEc:bis:bisqtr:2003h