Innovation and the rollout of digital technologies are radically transforming how markets and payment systems work. New types of business, new means of payment, and groundbreaking technological solutions based on cryptography and the use of distributed ledgers are emerging all the time. With this come new risks linked, for example, to the violation of privacy and cybersecurity. These changes must be accompanied, guided, and regulated; they are the subject of ongoing discussions in the international institutions, in Europe and in Italy.
The new series 'Markets, Infrastructures, Payment Systems' aims to raise awareness of these issues and to foster debate among the institutions, economic operators and members of the public, making available to readers a set of experiences and know-how which also reflect the Bank's active participation in the construction and management of Eurosystem infrastructures.
The publications are didactic in scope, primarily targeting non-specialist readers, but equally take a close look at frontier issues, with academics and researchers in mind, as well as staff at international institutions and the other central banks.
Latest publications
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7 October 2025No. 66 - Is there an equity greenium in the euro area?by Marco Fanari, Marianna Caccavaio, Davide Di Zio, Simone Letta and Ciriaco Milano
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6 October 2025No. 65 - Stewardship Policies. A Survey of the Main Issuesby Marco Fanari, Enrico Bernardini, Elisabetta Cecchet, Francesco Columba, Johnny Di Giampaolo, Gabriele Fraboni, Donatella La Licata, Simone Letta, Gianluca Mango and Roberta Occhilupo
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29 September 2025No. 64 - A practical implementation of a quantum-safe PKI in a payment systems environmentby Luca Buccella and Stefano Massi
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23 September 2025No. 63 - Exploratory survey of the Italian market for cybersecurity testing servicesby Anna Barcheri, Luca Bastianelli, Tommaso Curcio, Luca De Angelis, Paolo De Joannon, Gianluca Ralli and Diego Ruggeri
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8 July 2025No. 62 - The Rise of Climate Risks: Evidence from Expected Default Frequencies for Firmsby Matilde Faralli and Francesco Ruggiero
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