The U S Payment System Efficiency Risk And The Role Of The Federal Reserve
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The U S Payment System Efficiency Risk and the Role of the Federal Reserve
Author | : David B. Humphrey |
Publsiher | : Springer Science & Business Media |
Total Pages | : 301 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9789400925106 |
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The U.S. payment system is in the midst of a significant transition. Some of the changes to our payment system, involving its efficiency, the risks inherent in the payment process, and the role of the private and public sectors in the payment mechanism, are the subject of considerable debate and controversy. In recent years, the Federal Reserve Bank of Richmond has played an active part in the development and implementation of policies to improve the payment process. The Bank's operations staff has represented the Federal Reserve System in work with the banking industry to help shape and implement programs to increase efficiency and reduce payment risk. Further, our Research Department has made payment system research an important part of its agenda. The mix of practical experience and research has resulted in a unique perspective on payment system issues that led us to organize a symposium on the U.S. payment system, held on May 25-26, 1988, in Williamsburg, Virginia. Reflecting our belief in the importance of combining both practical experience and theory in addressing payment issues, we invited practi tioners, scholars, and policymakers to share their ideas. The symposium provided an opportunity for those researchers who are studying p- xi PREFACE xii ment issues to present their ideas and to have these ideas evaluated by experienced practitioners.
The U S Payment System Efficiency Risk and the Role of the Federal Reserve
Author | : David B. Humphrey |
Publsiher | : Springer |
Total Pages | : 301 |
Release | : 2011-10-17 |
Genre | : Business & Economics |
ISBN | : 9400925115 |
Download The U S Payment System Efficiency Risk and the Role of the Federal Reserve Book in PDF, Epub and Kindle
The U.S. payment system is in the midst of a significant transition. Some of the changes to our payment system, involving its efficiency, the risks inherent in the payment process, and the role of the private and public sectors in the payment mechanism, are the subject of considerable debate and controversy. In recent years, the Federal Reserve Bank of Richmond has played an active part in the development and implementation of policies to improve the payment process. The Bank's operations staff has represented the Federal Reserve System in work with the banking industry to help shape and implement programs to increase efficiency and reduce payment risk. Further, our Research Department has made payment system research an important part of its agenda. The mix of practical experience and research has resulted in a unique perspective on payment system issues that led us to organize a symposium on the U.S. payment system, held on May 25-26, 1988, in Williamsburg, Virginia. Reflecting our belief in the importance of combining both practical experience and theory in addressing payment issues, we invited practi tioners, scholars, and policymakers to share their ideas. The symposium provided an opportunity for those researchers who are studying p- xi PREFACE xii ment issues to present their ideas and to have these ideas evaluated by experienced practitioners.
The Federal Reserve System Purposes and Functions
Author | : Board of Governors of the Federal Reserve System |
Publsiher | : Unknown |
Total Pages | : 0 |
Release | : 2002 |
Genre | : Banks and Banking |
ISBN | : 0894991965 |
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Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Systemic Financial Risk in Payment Systems
Author | : International Monetary Fund |
Publsiher | : International Monetary Fund |
Total Pages | : 46 |
Release | : 1990-07-01 |
Genre | : Business & Economics |
ISBN | : 9781451962437 |
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Efficient and stable payments systems are of fundamental importance in maintaining an orderly international monetary system. Major disruptions of national and international payments systems would have highly adverse effects on international trade, capital flows, and real activity. A key issue--now being addressed by authorities in a number of major countries--is whether existing institutional arrangements need to be modified in order to reduce the liquidity and credit risks that have arisen as a result of the expansion of international capital flows and the growing integration of major financial markets. This paper examines the nature of these risks and the policies that are being implemented to manage or curb them.
Nonbanks in the Payments System
Author | : Terri Bradford |
Publsiher | : Unknown |
Total Pages | : 92 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : OSU:32435071089510 |
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The Future of Payment Systems
Author | : Stephen Millard,Andrew Haldane,Victoria Saporta |
Publsiher | : Routledge |
Total Pages | : 287 |
Release | : 2007-09-17 |
Genre | : Business & Economics |
ISBN | : 9781134071302 |
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Drawing on wide-ranging contributions from prominent international experts and discussing some of the most pressing issues facing policy makers and practitioners in the field of payment systems today, this volume provides cutting-edge perspectives on the current issues surrounding payment systems and their future. It covers a range of continually important topics, including: the form payment systems might take in the future the risks associated with this evolution the techniques being deployed to assess these risks and the implications these risks have for the respective roles of the public and private sector. Produced in association with the Bank of England, this book is fascinating reading for practitioners and policy makers in the field of payment systems, as well as students and researchers engaged with the economics of payments and central banking policy.
Managing Climate Risk in the U S Financial System
Author | : Leonardo Martinez-Diaz,Jesse M. Keenan |
Publsiher | : U.S. Commodity Futures Trading Commission |
Total Pages | : 196 |
Release | : 2020-09-09 |
Genre | : Science |
ISBN | : 9780578748412 |
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This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
The Payment System and Monetary Policy
Author | : Mr.Omotunde E. G. Johnson |
Publsiher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 1998-05-01 |
Genre | : Business & Economics |
ISBN | : 9781451973389 |
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Achieving the primary objective of price stability without unduly compromising the operational efficiency of the payment system constitutes a major problem for central banks. Routine monetary policy presumes a given institutional and technological framework, including aspects of the payment system. Such a monetary policy concerns itself with intraday and interday credit for payments settlements and with float. Liquidity shocks and panics sometimes pose an additional challenge. In recent years, major and rapid institutional and technological changes in the payment system (mainly to lower risks and augment operational efficiency) have affected the monetary policy decision-making process, particularly in the short run.