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Research Events

Related Information

• 2012 Payments Conference
  
   The Kansas City Fed's conference explored consumer payment innovation and the role of public policy in an age of increasing connectedness. The conference brought together industry participants, policymakers and academics from around the world.
  
  

  View proceedings from the 2012 conference. Access materials from past conferences 2009 | 2007 | 2005.

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• Mobile Payments
  in the United States
  March 25, 2011
  Atlanta and Boston Feds
• Survey of Community Banks
• Bank for International Settlements
• Red Book
• Philadelphia Fed Payment Cards Center
• Fed in Print
  A searchable index of Federal Reserve economic research.
• Resolution for Financial Companies that Pose Systemic Risk
  Updated December 2009
• Fed's Day Ahead Conference on Financial Markets & Institutions

Recent Research

• The Federal Reserve's Reduced Role in Retail Payments: Implications for Efficiency and Risk

  By Richard J. Sullivan

• Kansas Banking in the 1930s: The Deposit Insurance Choice and Implications for Public Policy

  By Kenneth Spong and Kristen Regehr
  Federal deposit insurance can provide crucial reassurance to banking customers, but may also create moral hazard problems as banks take on greater risk once insured. Evidence from the Kansas banking industry in the 1930s suggests this problem is real. Unfortunately most solutions have both pros and cons.

• New Person-to-Person Payment Methods: Have Checks Met Their Match?

  By Terri Bradford and William R. Keeton
  The last decade has seen a surge in new methods for making person-to-person payments, offering consumers more security and control than paper checks. Some methods may even be faster. However, gaps in service remain.

• Measuring the Costs of Retail Payments Methods

  By Fumiko Hayashi and William R. Keeton
  A dramatic shift in retail payments from paper to electronic methods illustrates the need for accurate cost information about the two types of methods.  Such cost information may help central banks decide how hard to push electronic methods and which methods to promote.

• What Determines Creditor Recovery Rates?

  By Nada Mora
  An examination of more than 30 years of recovery data on defaulted debt instruments reveals that creditor recovery rates are determined by the state of the business cycle and industrywide levels of distress.

• Discounts and Surcharges: Implications for Consumer Payment Choice

  By Fumiko Hayashi
  This article reviews the current landscape for payment discounts and surcharges, considers whether they influence consumer payment choice, and offers several policy responses.

• Effects of Credit Scores on Consumer Payment Choice

  By Fumiko Hayashi and Joanna Stavins
  Credit scores significantly influence consumer payment behavior, especially debit and credit card use. Evidence suggests that this is due to supply-side constraints, such as the effect of credit scores on the cost of credit and access to credit.

• What Can Financial Stability Reports Tell Us About Macroprudential Supervision?

  By Jon Christensson, Kenneth Spong and Jim Wilkinson
  Recent financial stability reports from five central banks indicate that macroprudential supervision could be beneficial in promoting financial stability, but will also be a very challenging task.

• Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis

  By Nada Mora
  Evidence from the 2007-2009 crisis indicates that the role of the banking system as a stabilizing liquidity insurer is not one of the passive recipient, but of an active seeker, of deposits.

Economic Review

Banking & Financial Market Related Articles
The Economic Review is a quarterly research publication with articles by Kansas City Fed staff on issues of relevance to the Federal Reserve, including macroeconomics and monetary policy, regional and international economics, banking, financial markets and payments systems.

• Payments System Research Briefings

  Payments System Research Briefings are published periodically and discuss types of payments, developments in networks, participants' roles and more.

• Payments System Research Papers

  Payments System Research staff produces a series of working papers on types of payments, developments in networks, participants' roles and more.

  
  
  

  Books

• A Guide to the ATM and Debit Card Industry

  This book is a 2006 update that documents industry trends and patterns and discusses their implications.

• A Guide to the ATM and Debit Card Industry

  This book provides an overview of the history and developement of the ATM and debit card industry, details the mechanics of ATM and debit transactions, reviews trends in ATM and debit transaction volume and pricing, and discusses industry and public policy issues.

• Nonbanks in the Payments System

  This book examines nonbank participation of payments activities and the roles nonbanks play in specific transaction types.