Payments systems and monetary policy

Journal of Monetary Economics

Volumn 50, Issue 2, 2003, Pages 475-495

  Williamson, Stephen D ^a  

^a UNIVERSITY OF IOWA   (United States)

Author keywords

Monetary policy; Payments systems

Indexed keywords

EID: 0037343716     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3932(03)00007-2     Document Type: Article

References (18)

1. Champ, B., Smith, B., Williamson, S., 1996. Currency elasticity and banking panics: theory and evidence. Canadian Journal of Economics, 29, 828-864.
2. Diamond, D., Dybvig, P., 1983. Bank runs, liquidity, and deposit insurance. Journal of Political Economy, 9, 401-419.
3. Freeman, S., 1996a. Clearinghouse banks and banknote over-issue. Journal of Monetary Economics, 38, 101-115.
4. Freeman, S., 1996b. The payments system, liquidity, and rediscounting. American Economic Review, 86, 1126-1138.
5. Friedman, M., 1960. A Program For Monetary Stability. Fordham University Press, New York.
6. Friedman, M., 1969. The optimum quantity of money. In: Friedman M. (Ed.), The Optimum Quantity of Money and Other Essays, Hawthorne, NY: Aldine Publishing Co. pp. 1-50.
7. Fujiki, H., Green, E., Yamazaki, A., 1997. Sharing the risk of settlement failure. Working Paper, Federal Reserve Bank of Minneapolis.
8. Greenspan, A., 1996. Remarks on evolving payments system issues. Journal of Money, Credit and Banking, 28, 689-695.
9. Kahn, C., Roberds, W., 1998. Real-time gross settlement and the costs of immediacy. Working Paper, University of Illinois and Federal Reserve Bank of Atlanta.
10. Lacker, J., 1997. Clearing, settlement, and monetary policy. Journal of Monetary Economics, 40, 347-382.
11. Rochet, J., Tirole, J., 1996a. Interbank lending and systemic risk. Journal of Money, Credit and Banking, 28 733-762.
12. Rochet, J., Tirole, J., 1996b. Controlling risk in payment systems. Journal of Money, Credit and Banking, 28, 832-861.
13. Sargent, T., & Wallace, N., 1982. The real bills doctrine vs. the quantity theory: a reconsideration. Journal of Political Economy, 90, 1212-1236.
14. Smith, B., 1991. Interest on reserves and sunspot e quilibria: Friedman's proposal reconsidered. The Review of Economic Studies, 58, 93-105.
15. Temzelides, T., Williamson, S., 2001. Payments systems design in deterministic and private information environments. Journal of Economic Theory, 99, 297-326.
16. Townsend, R., 1980. Models of money with spatially separated agents. In: Kareken, J., Wallace, N. (Eds.), Models of Monetary Economies. Federal Reserve Bank of Minneapolis, Minneapolis, MN.
17. Williamson, S., 1998. Payments systems with random matching and private information. Journal of Money, Credit and Banking, 30, 551-569.
18. Woodford, M., 1994. Monetary policy and price level determinacy in a cash-in-advance economy. Economic Theory, 4, 345-380.