Index Catalog // Research Database

Creator:: Pomeranz, Kenneth
Series:: Productivity and the industrial revolution
Keyword:: England, China, Industrial revolution, Industry, Europe, Great Britain, and Economic development
Subject (JEL):: O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology, N00 - Economic History: General, and O57 - Comparative Studies of Countries

Creator:: Mariano, Roberto S. and Tanizaki, Hisashi
Series:: Simulation-based inference in econometrics
Keyword:: Single equation models, Permanent income hypothesis, Nonlinear filtering techniques, Transitory consumption, and Nonlinear state space models
Subject (JEL):: E21 - Macroeconomics: Consumption; Saving; Wealth, C22 - Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes, and C51 - Model Construction and Estimation

Series:: Foundations of policy toward electronic money
Description:: Comments on the paper "Electronic Money and the Fed's Role in Providing Payments Services / Bruce J. Summers."
Keyword:: Biographical sketch

Creator:: McAndrews, James J.
Series:: Foundations of policy toward electronic money
Keyword:: Operational risk, Fraud, Payment systems, and Electronic funds transfers
Subject (JEL):: E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems, G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages, and E58 - Central Banks and Their Policies

Creator:: Lacker, Jeffrey Malcolm
Series:: Foundations of policy toward electronic money
Abstract:: Briefly reviews the potential consequences of electronic money for the management of the government's balance sheet through open market operations and for the regulations governing the public and private issue of payment instruments.
Keyword:: Electronic money, Payment instruments, and Monetary policy
Subject (JEL):: E58 - Central Banks and Their Policies, E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems, and E52 - Monetary Policy

Creator:: Weinberg, John A.
Series:: Foundations of policy toward electronic money
Abstract:: As a network, a payment system is likely to exhibit network externalities and perhaps some public good characteristics. Such properties may be more pronounced in an electronic payment system, because of its greater reliance on communication infrastructures with high fixed and low variable costs, for instance. This paper presents the basic economics of network externalities and reviews some basic principles regarding public goods. It then asks what these phenomena imply about the role of the Federal Reserve in emerging payment systems. The general conclusion is that there is reason to be skeptical that network externalities and public goods will be significant sources of market failure in electronic payment systems. These phenomena, by themselves, give rise to no particular, essential central bank role in these markets.
Keyword:: Network externalities, Central banks, Public goods, Payment systems, Electronic payment systems, Communication systems, Network services, Network industries, and Network markets
Subject (JEL):: E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems and E58 - Central Banks and Their Policies

Research Database