Many digital payment platforms remain disconnected from each other. Regulatory differences, emerging digital assets, and outdated banking infrastructure are leading to a more fragmented financial ...

Concerns about global economic and financial fragmentation have intensified in recent years amid rising geopolitical tensions, strained ties between the United States and China, and Russia’s invasion ...

This paper investigates the phenomenon of financial fragmentation within the euro area and focuses on its implications for bond market stability. A three-step approach is used to assess the ...