Markets, infrastructures, payment systems

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 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

  1. 30 July 2026
    No. 86 - Are Stablecoins Efficient for Remittances? Evidence from a Mystery Shopping Exercise by Banca d'Italia
    by Alberto Di Iorio, Enrica Di Stefano, Michele Mascioli and Giorgio Trebeschi
  2. 29 July 2026
    No. 85 - Household Allocation of the Next Generation of Digital Money
    by Marcello Pericoli
  3. 16 July 2026
    No. 84 - Social and Governance Factors in Default Risk Assessment
    by Manuel Cugliari, Stefano Di Virgilio, Enrico Foscolo and Alessandra Iannamorelli
  4. 8 July 2026
    No. 83 - Private Equity and Innovation in the Euro Area
    by Emanuele Degani, Simone Letta and Tommaso Perez
  5. 4 June 2026
    No. 82 - Siamese Networks for AI-powered automated banknote quality control
    by Salvatore Gentile, Andrea Luciani, Sabina Marchetti, Domenico Pansini and Marco Viticoli