Creating an Integrated Payment System: The Evolution of Fedwire

[...]This paper traces the evolution of Fedwire fromtwelve separate payment operations, linked only by aninterdistrict communications arrangement, to a more unifiedand efficient system. Our account highlights both thedifficulties the Federal Reserve encountered as it soughtto standardize and consolidate payment services and thelessons it drew from its experience. These lessons mayprove useful to the European Union and to other nationsundertaking a similar integration of payment systems.[...]

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Year of publication:	1997-07-01
Authors:	Adam, Gilbert ; Hunt, Dara ; Winch, Kenneth C.
Institutions:	Federal Reserve Bank <New York, NY> ; London School of Economics and Political Science
Published in:	London School of Economics and Political Science - Publications FRBNY ECONOMIC POLICY REVIEW / JULY 1997, 1-7
Subject:	Notenbank \| Central Bank \| Geldpolitik \| Währungspolitik \| Sterilized Central Bank Intervention \| Geldtheorie \| monetary strategy \| Kartengesteuertes Zahlungssystem

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Extent:	80896 bytes 7 p. application/pdf
Type of publication:	Article
Language:	English
Classification:	Financial theory ; Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005870268