Our Research Focus
Payments and Policy
PrintWe have added to the body of work in the field of payment economics, drawing upon the techniques and insights of both monetary and banking theory. Various payments systems have been examined, including cash, checks, credit and debit cards, and electronic funds transfers. In addition, we have examined the involvement of central banks in the operation and regulation of payments clearing and settlement.
| Issue | Title | Author(s) |
|---|---|---|
| Fall 2007 | Currency Quality and Changes in the Behavior of Depository Institutions | Hubert P. Janicki Nashat F. Moin Andrea L. Waddle Alexander L. Wolman |
| Spring 1999 | The Fed's Entry into Check Clearing Reconsidered | Jeffrey D. Walker Jeffrey M. Lacker John A. Weinberg |
| Summer 1997 | The Check Float Puzzle |
Jeffrey M. Lacker
|
| Summer 1996 | Stored Value Cards: Costly Private Substitutes for Government Currency |
Jeffrey M. Lacker
|
| Winter 1993 | Economic Quarterly: Should We Subsidize the Use of Currency? |
Jeffrey M. Lacker
|
| Issue | Title | Author(s) |
|---|---|---|
| 1992 | Behind the Money Market: Clearing and Settling Money Market Instruments | David L. Mengle |
| 1987 | The Equilibrium Approach to Exchange Rates |
Alan C. Stockman
|
| 1982 | The Federal Reserve's Role in the Payments Mechanism and It's Communication Patterns | Theordore E. Allison |
| 1980 | Recent Financial Innovations: Courses, Consequences for the Payments System, and Implications for Monetary Control |
Marvin Goodfriend
James Parthemos Bruce J. Summers |
| 1977 | The Need for Order in International Finance | Arthur F. Burns |
| Paper | Title | Author(s) |
|---|---|---|
| 12-08 November 2012 |
Ad-Valorem Platform Fees and Efficient Price Discrimination |
Zhu Wang
Julian Wright |
| 12-06 October 2012 |
The Economics of Two-Sided Payment Card Markets: Pricing, Adoption and Usage | James McAndrews Zhu Wang |
| 88-2 May 1988 |
Legal and Regulatory Reform in Electronic Payments: An Evaluation of Finality of Payment Rules | David L. Mengle |
| Essay | Title | Author(s) |
|---|---|---|
| 13-02 February 2013 |
Why Do Debit Card Networks Charge Percentage Fees? | David A. Price Zhu Wang |
| 09-06 June 2009 |
The Growth of Paperless Money: Retail Payments in the United States Continue to Evolve | T. Stuart Desch Kiran Krishnamurthy |
| Year | Title | Author(s) |
|---|---|---|
| 1997 | Can the Fed be a Payment System Innovator? | Jeffrey M. Lacker John A. Weinberg |
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