The Organization of Transactions
in a Market Economy

Sponsored by the Federal Reserve Bank of Minneapolis
and the University of Miami
January 31-February 1, 1997
 
January 31
2:00 p.m. Session 1
  The United States’ Experience with State Bank Notes: Lessons for Regulating E-Cash
  Presenter: Warren Weber, Federal Reserve Bank of Minneapolis
Co-authors: Arthur Rolnick, Federal Reserve Bank of Minneapolis, and Bruce Smith, University of Texas
Discussant: Charles Kahn, University of Illinois
   
  The Effect of Pricing on Demand and Revenue in Federal Reserve ACH Payment Processing
  Presenter: Joanna Stavins, Federal Reserve Bank of Boston
Co-author: Paul Bauer, Federal Reserve Bank of Cleveland
Discussant: Matthew Billett, University of Miami
   
  Currency: Theory and Measurement in Village Economies
  Presenter:  Robert Townsend, University of Chicago and Federal Reserve Bank of Chicago
Discussant:  John Laitner, University of Michigan
   
February 1
8:30 a.m. Session 2
  Payment System Settlement and Bank Incentives
  Presenter:  William Roberds, Federal Reserve Bank of Atlanta
Co-author:  Charles Kahn, University of Illinois
Discussant:  John Weinberg, Federal Reserve Bank of Richmond
   
  Foreign Exchange Netting and Systemic Risk
  Presenter:  Akira Yamazaki, Hitotsubashi University
Discussant:  Jon Faust, Federal Reserve Board
   
  Credit Chains
  Presenter:  John Moore, London School of Economics
Co-author:  Nobuhiro Kiyotaki, University of Minnesota and Federal Reserve Bank of Minneapolis
Discussant:  William Zame, University of California, Los Angeles
   
2:00 p.m. Session 3
  Optimal Allocations with Incomplete Record-keeping and No Commitment
  Presenter:  Narayana Kocherlakota, Federal Reserve Bank of Minneapolis
Co-author:  Neil Wallace, University of Miami and Federal Reserve Bank of Minneapolis
Discussant:  Douglas Gale, New York University
   
  Credit in a Random Matching Model with Private Information
  Presenter:  Rao Aiyagari, University of Rochester
Co-author:  Stephen Williamson, University of Iowa
Discussant:  Nobuhiro Kiyotaki, University of Minnesota and Federal Reserve Bank of Minneapolis
   
  Rediscounting under Aggregate Risk
  Presenter:  Scott Freeman, University of Texas
Discussant:  Richard Todd, Federal Reserve Bank of Minneapolis

 

 
Latest

Movin' on up, fedgazette, October 2014

Related Links
Economic Research Papers