New Developments in Payments and Settlement
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"
"How Do You Pay? The Role of Incentives at the Point of Sale"
"On the Welfare Effects of Credit Arrangements"
"Why do Banks Reward their Customers to Use their Credit Cards?"
"Settlement Liquidity and Monetary Policy Implementation – Lessons from the Financial Crisis"
"Information Asymmetries and Spillover Risk in Settlement Systems"
Discussant: Stephen Williamson