Search Results
Showing results 1 to 10 of approximately 119.
(refine search)
Working Paper
Consumer Payment Choice for Bill Payments
Greene, Claire; Stavins, Joanna
(2020-06-01)
Why do US consumers pay their bills the way they do? Using data from a recent diary of consumer payment behavior, we find that the type of bill consumers are paying and how they are paying (online or automatically) are important factors in determining the payment method, in addition to the dollar value of the bill and the demographic and income profile of the individual who is paying. In contrast, dollar value and demographic attributes are found to be the most important factors determining the payment instrument chosen for purchases. Consumer choices for bill payments are somewhat ...
Working Papers
, Paper 20-9
Discussion Paper
Token- or Account-Based? A Digital Currency Can Be Both
Garratt, Rod; Lee, Michael Junho; Malone, Brendan; Martin, Antoine
(2020-08-12)
Digital currencies, including potential central bank digital currencies (CBDC), have generated a lot of interest over the past decade, since the emergence of Bitcoin. The interest has only grown in recent months because of a desire for contactless payment methods, stemming from the coronavirus pandemic. In this post, we discuss a common distinction made between “token-based” and “account-based” digital currencies. We show that this distinction is problematic because Bitcoin and many other digital currencies satisfy both definitions.
Liberty Street Economics
, Paper 20200812
Discussion Paper
Don’t Be Late! The Importance of Timely Settlement of Tri-Party Repo Contracts
Selig, Ira; Copeland, Adam
(2014-10-20)
Tri-party repo is popular among securities dealers as a way to raise short-term funding. The tri-party repo settlement process has been improved, and continues to be improved, with the implementation of a set of recent reforms. Two main goals of these reforms are to sharply reduce the amount of liquidity needed to facilitate the settlement of tri-party repo contracts, and to increase the use of more resilient sources of liquidity (for example, term financing and committed credit) to ensure that settlement can occur in good and bad times. In this post, we detail how the reforms have affected ...
Liberty Street Economics
, Paper 20141020
Report
Costs and benefits of building faster payment systems: the U.K. experience and implications for the United States
Rysman, Marc; Schuh, Scott; Greene, Claire; Shy, Oz
(2014-10-10)
This paper studies the economic cost-benefit analysis behind the decision by the United Kingdom on how to implement its Faster Payments Service (FPS), which allows consumers and businesses to rapidly transfer money between bank accounts, and draws implications for the U.S. payments system.
Current Policy Perspectives
, Paper 14-5
Report
Bitcoin as money?
Lo, Stephanie; Wang, J. Christina
(2014-09-04)
The spectacular rise late last year in the price of Bitcoin, the dominant virtual currency, has attracted much public attention as well as scholarly interest. This policy brief discusses how some features of Bitcoin, as designed and executed to date, have hampered its ability to perform the functions required of a fiat money??as a medium of exchange, unit of account, and store of value. Furthermore, we document how various forms of intermediaries have emerged and evolved within the Bitcoin network, particularly noting the convergence toward concentrated processing, both on and off the ...
Current Policy Perspectives
, Paper 14-4
Report
Faster payments: market structure and policy considerations
Baughman, Garth; Manuszak, Mark D.; Stavins, Joanna; Stewart, Kylie; Hayashi, Fumiko; Rosenbaum, Aaron
(2017-09-21)
The U.S. payments industry is in the process of developing ubiquitous, safe, faster electronic solutions for making a broad variety of business and personal payments. How this market for faster payments will evolve will be shaped by a range of economic forces, such as economies of scale and scope, network effects, switching costs, and product differentiation. Emerging technologies could alter these forces and lead to new organizational arrangements or market structures that are different from those in legacy payment markets to date. In light of this uncertainty, this paper examines three ...
Current Policy Perspectives
, Paper 17-4
Report
The 2012 diary of consumer payment choice
Schuh, Scott; Greene, Claire; Stavins, Joanna
(2018-01-17)
This paper describes the results, content, and methodology of the 2012 Diary of Consumer Payment Choice (DCPC), the first edition of a survey that measures payment behavior through the daily recording of U.S. consumers? spending by type of payment instrument. A diary makes it possible to collect detailed information on individual payments, including dollar amount, device (if any) used to make the payment (computer, mobile phone, etc.), and payee type (business, person, government). This edition of the DCPC included about 2,500 participants and was conducted in October 2012. During that month, ...
Research Data Report
, Paper 18-1
Report
The 2016 and 2017 surveys of consumer payment choice: summary results
Stavins, Joanna; Greene, Claire
(2018-05-10)
Despite the introduction of new technology and new ways to make payments, the Survey of Consumer Payment Choice (SCPC) finds that consumer payment behavior has remained stable over the past decade. In the 10 years of the survey, debit cards, cash, and credit cards consistently have been the most popular payment instruments. In 2017, U.S. consumers ages 18 and older made 70 payments per month on average. Debit cards accounted for 31.8 percent of those monthly payments, cash for 27.4 percent, and credit cards for 23.2 percent. The SCPC continues to measure new ways to shop and pay and found ...
Research Data Report
, Paper 18-3
Report
The 2014 survey of consumer payment choice: summary results
Greene, Claire; Stavins, Joanna; Schuh, Scott
(2016-08-15)
In 2014, the average number of U.S. consumer payments per consumer per month decreased to 66.1, in a statistically insignificant decline from 67.9 in 2013. The number of payments made by paper check continued to decline, falling by 0.7 to 5.0 checks per month, while the number of electronic payments (online banking bill payments, bank account number payments, and deductions from income) increased by 0.6 to 6.9 of these payments per month. The monthly shares of debit cards (31.1 percent), cash (25.6 percent), and credit cards (23.3 percent) continued to be largest; while the share of ...
Research Data Report
, Paper 16-3
Report
The 2011 and 2012 Surveys of Consumer Payment Choice
Schuh, Scott; Stavins, Joanna
(2014-09-29)
In 2012, the number of consumer payments did not change significantly from 2010 as the economy settled into steady expansion following the financial crisis and recession. After increasing by 28 percent from 2008 to 2010, cash payments by consumers fell back by 10 percent from 2010 to 2012, while the share of cash payments dropped for a third straight year to 26.8 percent. However, the number and dollar value of cash withdrawals and the dollar value of cash holdings by consumers increased in 2012. Credit and charge card payments by consumers, which declined in 2009, rebounded further, ...
Research Data Report
, Paper 14-1
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of New York 20 items
Federal Reserve Bank of Atlanta 17 items
Federal Reserve Bank of Boston 17 items
Federal Reserve Bank of Philadelphia 15 items
Board of Governors of the Federal Reserve System (U.S.) 14 items
Federal Reserve Bank of Kansas City 11 items
Federal Reserve Bank of St. Louis 8 items
Federal Reserve Bank of Dallas 6 items
Federal Reserve Bank of Chicago 4 items
Federal Reserve Bank of Minneapolis 3 items
Federal Reserve Bank of Cleveland 2 items
Federal Reserve Bank of San Francisco 2 items
show more (7)
show less
FILTER BY Series
Working Papers 25 items
Staff Reports 12 items
Research Data Report 9 items
FRB Atlanta Working Paper 8 items
Finance and Economics Discussion Series 8 items
Federal Reserve Bulletin 6 items
Payments System Research Briefing 6 items
Working Paper Series 6 items
Consumer Payments Research Data Reports 5 items
Globalization Institute Working Papers 5 items
Current Policy Perspectives 4 items
Economic Policy Review 4 items
Liberty Street Economics 4 items
Research Working Paper 4 items
Annual Report 3 items
FRB Atlanta CenFIS Working Paper 3 items
Staff Report 2 items
Working Papers (Old Series) 2 items
Economic Review 1 items
Policy Hub 1 items
Review 1 items
show more (16)
show less
FILTER BY Content Type
Working Paper 61 items
Report 35 items
Journal Article 12 items
Briefing 6 items
Discussion Paper 5 items
FILTER BY Author
Martin, Antoine 15 items
Greene, Claire 14 items
Schuh, Scott 12 items
Stavins, Joanna 12 items
Sanches, Daniel R. 11 items
Shy, Oz 9 items
Copeland, Adam 7 items
Nosal, Ed 7 items
Hayashi, Fumiko 6 items
Kim, Kyungmin 6 items
Afonso, Gara M. 5 items
Armenter, Roc 5 items
Garratt, Rod 5 items
Schulhofer-Wohl, Sam 5 items
Lee, Michael Junho 4 items
Lester, Benjamin 4 items
Potter, Simon M. 4 items
Afonso, Gara 3 items
Auer, Raphael 3 items
Baughman, Garth 3 items
Bradford, Terri 3 items
Foster, Kevin 3 items
Gerdes, Geoffrey R. 3 items
Maniff, Jesse Leigh 3 items
McAndrews, James J. 3 items
Sullivan, Richard J. 3 items
Weber, Warren E. 3 items
Wheelock, David C. 3 items
Agueci, Paul 2 items
Alkan, Leyla 2 items
Briglevics, Tamas 2 items
Buera, Francisco J. 2 items
Carlson, Mark A. 2 items
Davis, Isaac 2 items
Fernández-Villaverde, Jesús 2 items
Kahn, Charles M. 2 items
Keister, Todd 2 items
Lagos, Ricardo 2 items
Manuszak, Mark D. 2 items
Markiewicz, Zach 2 items
Nicolini, Juan Pablo 2 items
Pingitore, Kate 2 items
Prugar, Caroline 2 items
Rivadeneyra, Francisco 2 items
Rivas, Tyisha 2 items
Rosenbaum, Aaron 2 items
Stewart, Kylie 2 items
Walton, Jack K. 2 items
Wong, Tsz-Nga 2 items
Allison, Theodore E. 1 items
Ayres, Joao Luiz 1 items
Benitez, David 1 items
Bräuning, Falk 1 items
Bullard, James B. 1 items
Carapella, Francesca 1 items
Cipriani, Marco 1 items
Claessens, Stijn 1 items
Clouse, James A. 1 items
Covas, Francisco 1 items
Cuddy, Emily 1 items
D'Amico, Stefania 1 items
DeCorleto, Donna A. 1 items
Devereux, Michael B. 1 items
Driscoll, John C. 1 items
Garbade, Kenneth D. 1 items
Garcia, Marcio 1 items
Gomis-Porqueras, Pedro 1 items
Gorton, Gary 1 items
Guerrieri, Luca 1 items
Guillen, Diogo 1 items
Hanson, Josh 1 items
Hitczenko, Marcin 1 items
Hung, Christian 1 items
Huther, Jeff W. 1 items
Iacoviello, Matteo 1 items
Ihrig, Jane E. 1 items
Jahan-Parvar, Mohammad 1 items
Jalil, Andrew 1 items
Jordà, Òscar 1 items
Jurgilas, Marius 1 items
Kehoe, Patrick J. 1 items
Kiley, Michael T. 1 items
Klee, Elizabeth C. 1 items
Kliesen, Kevin L. 1 items
Kovner, Anna 1 items
La Spada, Gabriele 1 items
Lambert, Michael J. 1 items
Liu, May X. 1 items
Liu, Zheng 1 items
Lo, Stephanie 1 items
Lucas, Robert E. 1 items
Malone, Brendan 1 items
Milchanowski, Mike 1 items
Minguez-Afonso, Gara 1 items
Minhas, Sabrina 1 items
Monnet, Cyril 1 items
O'Brien, Shaun 1 items
Pancost, N. Aaron 1 items
Parke, Darrel W. 1 items
Pasaogullari, Mehmet 1 items
Pianalto, Rosanna S. 1 items
Prescott, Brian 1 items
Queraltó, Albert 1 items
Rua, Gisela 1 items
Rysman, Marc 1 items
Samphantharak, Krislert 1 items
Sapenaro, David A. 1 items
Sastry, Parinitha 1 items
Schularick, Moritz 1 items
Selig, Ira 1 items
Shi, Shouyong 1 items
Sim, Jae W. 1 items
Spiegel, Mark M. 1 items
Stanton, Kristin D. 1 items
Tallman, Ellis W. 1 items
Taylor, Alan M. 1 items
Toh, Ying Lei 1 items
Townsend, Robert M. 1 items
Tran, Thao 1 items
Trimble, Theresa A. 1 items
Truman, Edwin M. 1 items
Wang, J. Christina 1 items
Wynne, Mark A. 1 items
Zhang, Hanbing 1 items
http://fedora:8080/fcrepo/rest/objects/authors/ 1 items
show more (120)
show less
FILTER BY Jel Classification
E58 34 items
G21 24 items
D14 18 items
E52 17 items
D12 16 items
E51 13 items
E44 11 items
G28 11 items
E41 9 items
E43 9 items
E32 7 items
D9 6 items
G12 6 items
F31 5 items
N22 5 items
G23 4 items
G32 4 items
N12 4 items
E31 3 items
E40 3 items
E47 3 items
G38 3 items
C19 2 items
D20 2 items
D4 2 items
D40 2 items
E5 2 items
E63 2 items
F32 2 items
F33 2 items
G14 2 items
G2 2 items
H63 2 items
K22 2 items
L1 2 items
L10 2 items
L11 2 items
L50 2 items
L81 2 items
N11 2 items
N20 2 items
N21 2 items
C14 1 items
C38 1 items
C53 1 items
D90 1 items
E02 1 items
E12 1 items
E37 1 items
E4 1 items
E50 1 items
F3 1 items
F30 1 items
F34 1 items
F40 1 items
F41 1 items
F5 1 items
F52 1 items
F53 1 items
G01 1 items
G18 1 items
H62 1 items
I18 1 items
K24 1 items
L15 1 items
L51 1 items
L97 1 items
M40 1 items
N10 1 items
N16 1 items
O23 1 items
show more (67)
show less
FILTER BY Keywords
cash 12 items
federal funds market 12 items
monetary policy 11 items
payment preferences 9 items
checking accounts 9 items
checks 9 items
Diary of Consumer Payment Choice 8 items
credit cards 8 items
debit cards 8 items
electronic payments 8 items
prepaid cards 8 items
Payment Systems 8 items
monetary policy implementation 8 items
payments 7 items
Survey of Consumer Payment Choice 6 items
cryptocurrencies 6 items
money 6 items
unbanked 6 items
GCF Repo 4 items
consumer payment choice 4 items
e-money 4 items
financial intermediation 4 items
interest rates 4 items
tri-party repo reforms 4 items
ample reserve supply 4 items
federal funds rate 4 items
COVID-19 3 items
Private money 3 items
bitcoin 3 items
consumer behavior 3 items
financial services 3 items
in-person purchases 3 items
privacy 3 items
Banking panic 3 items
bank notes 3 items
liquidity 3 items
regulation 3 items
Banking Panics 3 items
Chargebacks 2 items
Currency competition 2 items
Federal Reserve 2 items
Federal Reserve System 2 items
Fraud 2 items
Mobile payments 2 items
National Banking system 2 items
Payment Fraud 2 items
blockchain 2 items
central bank digital currencies 2 items
cryptocurrency 2 items
digital currencies 2 items
digitalisation 2 items
distributed ledger technology 2 items
finance 2 items
interest rate 2 items
machine learning 2 items
market structure 2 items
point of sale 2 items
proof-of-stake 2 items
proof-of-work 2 items
statistical learning 2 items
studying consumer payment choice 2 items
Balance sheet costs 2 items
Bank reserves 2 items
Contagion 2 items
Deposit contract 2 items
Digital Payments 2 items
Excess reserves 2 items
Faster payments 2 items
Inflation 2 items
Interbank market 2 items
Interbank networks 2 items
Medium Of Exchange 2 items
Over-the-Counter Markets 2 items
Payment cards 2 items
Payment system improvement 2 items
Public policy 2 items
Retail payments 2 items
Seasonal liquidity demand 2 items
Suspension of convertibility 2 items
Systemic risk 2 items
ATM 1 items
ATMs 1 items
Alternative financial services (AFS) 1 items
Authentication methods 1 items
Bank losses 1 items
Banking structure 1 items
Basel III 1 items
Baumol-Tobin model 1 items
Bond prices 1 items
Brazils hyperinflation 1 items
Brazils stagnation 1 items
Breach Notification 1 items
Check Conversion 1 items
Conversion 1 items
Credit fraud 1 items
Currency denominations 1 items
DSGE models 1 items
Data Breaches 1 items
Debt accounting 1 items
Deficits 1 items
Dollar, American 1 items
EMV 1 items
EMV Liability Shift 1 items
EMV Migration 1 items
Electronic funds transfers 1 items
Europay MasterCard and Visa (EMV) 1 items
Federal Open Market Committee 1 items
Federal Reserve balance sheet 1 items
Federal Reserve banks 1 items
Federal funds rates 1 items
Financial crisis 1 items
Financial markets 1 items
Fiscal and monetary interactions 1 items
Fiscal deficit 1 items
Fractional reserve banking 1 items
Fraud Statistics 1 items
General purpose reloadable prepaid cards 1 items
General purposes reloadable prepaid cards (GPR) 1 items
Government budget constraint 1 items
Great Depression 1 items
Identity Theft 1 items
Interchange 1 items
Intermediation 1 items
International finance 1 items
Liquidity Insurance 1 items
Macroeconomic history 1 items
Macroeconomic stability 1 items
Market structure and competition 1 items
Money markets 1 items
Overdraft 1 items
Overdrafts 1 items
Pandemic 1 items
Payments Security 1 items
Portfolio composition 1 items
Random Matching 1 items
Reserve management 1 items
Reserve targets 1 items
Risk sharing 1 items
SCPC 1 items
SOMA portfolio 1 items
Self-fulfilling crises 1 items
Stabilization plans 1 items
Time-consistent policy 1 items
Transaction Services 1 items
Treasury securities 1 items
U.S. Payment System 1 items
U.S. Payment systems 1 items
U.S. Treasury 1 items
U.S. consumer check use 1 items
U.S. currency in circulation 1 items
Unbanked and underbanked 1 items
account 1 items
account-to-account (A2A) transfers 1 items
accounting 1 items
aggregate investment 1 items
alternatives to cash 1 items
asset-based tokens 1 items
auditing 1 items
automated teller machines 1 items
bank runs 1 items
bank-specific information 1 items
banking 1 items
banks 1 items
banning cashless stores 1 items
bill payments 1 items
capital requirements 1 items
cash demand 1 items
cash flows 1 items
cash payments 1 items
cashless stores 1 items
central bank 1 items
central bank operations 1 items
central bank reserves 1 items
central banking 1 items
circulating bank liabilities 1 items
classification 1 items
clearing house 1 items
collateral 1 items
collateral constraint 1 items
competition 1 items
compliance 1 items
concentration measures 1 items
consensus 1 items
consumer payments 1 items
consumer surveys 1 items
cost-benefit analysis 1 items
crypto assets 1 items
crypto-assets 1 items
cryptoassets 1 items
currency denomination 1 items
currency premium 1 items
customer data 1 items
debt ceiling 1 items
diaries 1 items
digital cash 1 items
diversity 1 items
economic consensus 1 items
economic finality 1 items
economic history 1 items
endogenous debt limits 1 items
ethereum 1 items
exchange mechanism 1 items
fast payments systems 1 items
financial inclusion 1 items
financial statements 1 items
fintech 1 items
forecasting from VARs 1 items
franchise value 1 items
funding crisis 1 items
government guarantee 1 items
hacking 1 items
history of money 1 items
household income 1 items
inflation expectations 1 items
interbank markets 1 items
interest on reserves 1 items
intraday liquidity 1 items
inventory management 1 items
large-value payment systems 1 items
lender of last resort 1 items
liquidity effect 1 items
liquidity premium 1 items
liquidity trap 1 items
liquidity-saving mechanism 1 items
liquidity-saving mechanisms 1 items
marginal versus average pricing 1 items
monetarism 1 items
monetary policy implementation. 1 items
monetary supply 1 items
monetization of gold 1 items
money demand 1 items
money market 1 items
money supply 1 items
multiple payment methods 1 items
narrative evidence 1 items
nonlinear pricing 1 items
normal mixtures 1 items
paper checks 1 items
paycheck 1 items
payment choice 1 items
payment instrument choice 1 items
payment instruments 1 items
payment methods 1 items
payments system 1 items
permissioned DLT 1 items
person-to-person (P2P) payments 1 items
personal checks 1 items
problem of Bachet. 1 items
proportionality 1 items
random utility 1 items
random utility analysis 1 items
real-time gross settlement 1 items
recession 1 items
rediscounting 1 items
regime change 1 items
regtech 1 items
repo market 1 items
risk premia 1 items
settlement 1 items
speculative bubble 1 items
stablecoins 1 items
supervision 1 items
suptech 1 items
surveys 1 items
theft 1 items
time-consistent policies 1 items
token 1 items
token- and account- based payment payments 1 items
tokenisation 1 items
tri-party repo 1 items
unbanked consumers 1 items
wallets 1 items
welfare 1 items
zero lower bound 1 items
show more (309)
show less