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Bech, Morten L.; Preisig, Christine; Soramäki, Kimmo - London School of Economics and Political Science - 2008

Globalization and technological innovation are two of themost pervasive forces affecting the financial system andits infrastructure. Perhaps nowhere are these trends moreapparent than in the internationalization and automation ofpayments. The evolving landscape is most obvious in retailpayments...

Persistent link: https://www.econbiz.de/10005869404

The Timing and Funding of CHAPS Sterling Payments

Christopher Becher; Marco Galbiati; Merxe Tudela - London School of Economics and Political Science - 2008

This article investigates the factors influencing the timingand funding of payments in the CHAPS Sterling system,drawing where appropriate on comparisons with paymentactivity in Fedwire...

Persistent link: https://www.econbiz.de/10005869406

Creating an Integrated Payment System: The Evolution of Fedwire

Adam, Gilbert; Hunt, Dara; Winch, Kenneth C. - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]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...

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

Paying for Learning

Barr, Nicholas A.; Falkingham, Jane - London School of Economics and Political Science - 1993

Both the quantity and quality of education and training in Britain are being comparedunfavourably with arrangements in other countries at a time when public expenditure isfacing the most stringent constraints. This paper starts from the presumption thatimprovements in the quality and quantity of...

Persistent link: https://www.econbiz.de/10005871056

Changes in the Timing Distribution of Fedwire Funds Transfers

Armantier, Olivier; Arnold, Jeffrey; McAndrews, James - London School of Economics and Political Science - 2008

LinkedSettlement (CLS) Bank, an institution that settles U.S. dollarpayments early in the morning; changes to the Clearing …

Persistent link: https://www.econbiz.de/10005869405

Financial Consolidationand Monetary Policy

English, William - United States / Reserve Board; London School of …

The 1990s were characterized by substantial financial sectorconsolidation across a large number of industrializedcountries...

Persistent link: https://www.econbiz.de/10005869393

Central Bank Tools and Liquidity Shortages

Cecchetti, Stephen G.; Disyatat, Piti - London School of Economics and Political Science

, centralbanks have made extensive use of both new and existing toolsfor supplying central bank money to financial institutions …

Persistent link: https://www.econbiz.de/10005869394

Systemic Risk and Deposit Insurance Premiums

Acharya, Viral V.; Santos, João A. C.; Yorulmazer, Tanju - London School of Economics and Political Science

),1 which leads to “fire-sale”–related pecuniaryexternalities; and bank interconnectedness (Allen and Gale2000; Kahn and Santos …

Persistent link: https://www.econbiz.de/10005869397

Is There an Inflation Puzzle?

Lown, Cara S.; Rich, Robert W. - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation, we specify and estimate a traditionalprice-inflation...

Persistent link: https://www.econbiz.de/10005870223

PRICE-LEVEL DETERMINATION UNDER DISPERSED INFORMATION AND MONETARY POLICY

Aoki, Kosuke - London School of Economics and Political Science - 2006

This paper considers the determination of aggregate price level under dispersed information.A Central Bank sets policy …. Information revealed to theagents and the bank is determined endogenously. It is shown that the aggregate state ofthe economy is … representative agent has perfect informationwhile the Bank has partial information. The Bank’s information set affects fluctuations …

Persistent link: https://www.econbiz.de/10005870374

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