NOTE: The papers listed here are reproduced as submitted by their respective authors, and do not necessarily reflect the opinions or policies of the Bank of Canada. Papers submitted by persons not in the employ of the Bank of Canada may be subject to the copyright policies of the submitters' organizations and/or countries, and therefore should not be reproduced in whole or in part without the permission of the author(s). Papers are presented in the language of the authors only.

"The Demand for Liquid Assets with Uncertain Lumpy Expenditures"
Authors: Fernando Alvarez and Francesco Lippi
Discussants: David Andolfatto and Brian Peterson

"How Do You Pay? The Role of Incentives at the Point of Sale"
Authors: Carlos Arango, Kim Huynh and Leonard Sabetti
Discussants: Joanna Stavins and Victor Aguirregabiria

"On the Welfare Effects of Credit Arrangements"
Authors: Jonathan Chiu, Mei Dong and Enchuan Shao
Discussants: Charles M. Kahn and William Roberds

"Why do Banks Reward their Customers to Use their Credit Cards?"
Discussant:  Ben Tomlin
Presentation: Sumit Agarwal, Sujit Chakravorti and Anna Lunn

"Settlement Liquidity and Monetary Policy Implementation – Lessons from the Financial Crisis"
Authors: Morten Bech, Antoine Martin and James McAndrews
Discussants: Julio Rotemberg and David Longworth

"Information Asymmetries and Spillover Risk in Settlement Systems"
Discussant: Stephen Williamson

"Emergence and Fragility of Repo Markets"
Author: Hajime Tomura
Discussants:  Christine Parlour and David Skeie