| Sponsored by the Federal Reserve Bank of Minneapolis and the University of Miami January 31-February 1, 1997 |
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| 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 |
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| “The Effect of Pricing on Demand and Revenue in Federal Reserve ACH Payment Processing” |
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| Presenter: Joanna Stavins, Federal Reserve Bank of Boston Co-author: Paul Bauer, Federal Reserve Bank of Cleveland Discussant: Matthew Billett, University of Miami |
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| “Currency: Theory and Measurement in Village Economies” |
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| Presenter: Robert Townsend, University of Chicago and Federal Reserve Bank of Chicago Discussant: John Laitner, University of Michigan |
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| February 1 | |
| 8:30 a.m. | Session 2 |
| “Payment System Settlement and Bank Incentives” |
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| Presenter: William Roberds, Federal Reserve Bank of Atlanta Co-author: Charles Kahn, University of Illinois Discussant: John Weinberg, Federal Reserve Bank of Richmond |
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| “Foreign Exchange Netting and Systemic Risk” | |
| Presenter: Akira Yamazaki, Hitotsubashi University Discussant: Jon Faust, Federal Reserve Board |
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| “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 |
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| 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 |
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| “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 |
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| “Rediscounting under Aggregate Risk” | |
| Presenter: Scott Freeman, University of Texas Discussant: Richard Todd, Federal Reserve Bank of Minneapolis |
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