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Working Paper
Payment system settlement and bank incentives
Roberds, William; Kahn, Charles M. (1996)
In this paper we consider the relative merits of net versus gross settlement of interbank payments. Net settlement economizes on the costs of holding non-interest-bearing reserves but increases moral hazard problems. The "put option" value of default under net settlement can also distort banks' investment incentives. ; Absent these distortions, net settlement dominates gross, although the optimal net settlement scheme may involve a positive probability of default. Net settlement becomes more attractive relative to gross settlement if bank assets have to be liquidated at less than book value.
FRB Atlanta Working Paper , Paper 96-10

Working Paper
Endogenous financial innovation and the demand for money
Ireland, Peter N. (1992)
This paper embeds two key ideas about the nature of financial innovation taken from the empirical literature into a familiar equilibrium monetary model. It provides formal support for several alternative econometric specifications for money demand that attempt to capture the effects of financial innovation and demonstrates that a popular theoretical model of money demand, when suitably modified, can account for some unusual monetary dynamics found in the data. Thus, it helps to establish both the theoretical relevance of recent empirical work and the empirical relevance of recent theoretical ...
Working Paper , Paper 92-03

Journal Article
Provision of financial services to cities affected by civil disturbances, announced May 12, 1992
anonymous (1992-07)
Federal Reserve Bulletin , Issue Jul , Pages 532-533

Working Paper
Does the structure of banking markets affect economic growth? evidence from U.S. state banking markets
Wheelock, David C.; Mitchener, Kris James (2010)
This paper examines the relationship between the structure of banking markets and economic growth using a new dataset on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929 - a period when the manufacturing sector was expanding rapidly and restrictive branching laws segmented the U.S. banking system geographically. Unlike studies of modern developing and developed countries, we find that banking market concentration had a positive impact on manufacturing sector growth in the early twentieth century, with little variation across ...
Working Papers , Paper 2010-004

Working Paper
A general equilibrium analysis of check float
Roberds, William; McAndrews, James J. (1997)
Households and businesses in the United States prefer to use check payment over less costly, electronic means of payment. Earlier studies have focused on check "float," that is, the time lag between receipt and clearing, as a potential explanation for the continued popularity of checks. An underlying assumption of these studies is that check float operates as a pure transfer from payee to payor. We construct a simple general equilibrium model in which payments are made by check. In general equilibrium, check float does not act as a pure transfer. If float can be priced into market ...
FRB Atlanta Working Paper , Paper 97-4

Conference Paper
Insights on the parallel banking industry
Odom, William E. (1994)
Proceedings , Paper 17

Journal Article
Privacy and the promise of financial modernization
Kovacevich, Richard M. (2000-03)
The Region , Volume 14 , Issue Mar , Pages 26-29

Journal Article
Senior supervisors group releases report on disclosure of risky exposures
anonymous (2008)
Banking regulators from the United States and four European countries have issued a report on the ways large financial services firms disclose exposures to financial instruments that the marketplace considers high risk.
Financial Update , Volume 21 , Issue 2

Journal Article
Reaching Mexico's unbanked
Skelton, Edward C. (2008)
Banks and the government have mounted a major effort to extend financial services to those without them.
Economic Letter , Volume 3

Speech
Financial literacy: testimony before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, February 5, 2002
Greenspan, Alan (2002)
Speech , Paper 3

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