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Journal Article
Privacy matters: Payments Cards Center Workshop on the right to privacy and the financial services industry.
"Privacy Matters: Payments Cards Center Workshop on the Right to Privacy and the Financial Services Industry," summarizes the main points of a workshop sponsored by the Bank's Payment Cards Center. The workshop, led by University of Pennsylvania law professor Anita L. Allen, covered the privacy provisions of GLB. ; Also issued as Payment Cards Center Discussion Paper No. 01-07
Working Paper
A theory of transactions privacy
In this paper, we consider the costs and benefits of transactions privacy. In the environment we consider, privacy is the concealment of potentially useful information, but concealment also potentially bestows benefits. In some versions of the environment, the standard Coasian logic applies: given an unambiguous initial assignment of rights and sufficient flexibility in contracting, efficiency in information revelation will result. Coasian bargaining may be impeded, however, by either an inability to make certain commitments or by the presence of significant investments that must be made ...
Conference Paper
How do analysts weight private information and why?
Working Paper
Data, Privacy Laws and Firm Production: Evidence from the GDPR
By regulating how firms collect, store, and use data, privacy laws may change the role of data in production and alter firm demand for information technology inputs. We study how firms respond to privacy laws in the context of the EU’s General Data Protection Regulation (GDPR) by using seven years of data from a large global cloud-computing provider. Our difference-in-difference estimates indicate that, in response to the GDPR, EU firms decreased data storage by 26% and data processing by 15% relative to comparable U.S. firms, becoming less “data-intensive.” To estimate the costs of the ...
Working Paper
Data Privacy for Digital Asset Systems
Data privacy in digital asset systems is of sustained importance to end users. However, there can be disconnect between an end users' expectations of privacy while using a digital asset payment system and the system's actual treatment of collected, stored, and used data. This paper provides foundational primer on data privacy alongside qualitative and technical assessments of various approaches to data privacy frameworks and strategies relevant to the early stages of a digital asset system's design. Analysis relies initially on an outlay of foundational data privacy concepts, including ...