Payments & Liquidity
Alisa DiCaprio, Marcello Miccoli, Philip Montalvao, Andrew Usher, and Jeanne Verrier - Do Capital Controls Slow Cross-Border Payments in the Last Mile? Preliminary Evidence, WP-26-68, April 2026 (Apr 2026)
Preliminary evidence suggests capital controls can slow the final stage of cross-border payments, affecting speed and efficiency in the last mile. The analysis links policy frictions to payment performance and liquidity outcomes across jurisdictions.
Topics: payments, cross-border, policy, market research