Showing 1 - 10 of 15
A look at the future of the retail banking industry by the president of the Cleveland Federal Reserve Bank. President Jordan explains that as technology and deregulation transform the financial marketplace, it will be critical to understand the services that people desire and to explore banks'...
Persistent link: https://www.econbiz.de/10005390390
Technology, market consolidation, international competition, and new legislation are changing the face of the financial services industry. How are the agencies responsible for ensuring the safety and soundness of our financial system responding? This Commentary is adapted from a keynote address...
Persistent link: https://www.econbiz.de/10005390408
Millions of Americans have no traditional banking relationship. Recent changes in government policy have required a new look at how financial institutions can serve the nation's unbanked population. To win these potential customers over, banks must continue to tailor products and services to...
Persistent link: https://www.econbiz.de/10005390456
An analysis of the surge in bank credit-card lending and the resulting rise in credit-card losses, which causes some banks to have higher charge-off rates than others because of different loan risks.
Persistent link: https://www.econbiz.de/10005390460
An examination of the payment problems that will have to be overcome as the electronic marketplace evolves, including the issues of trust between buyer and seller, security of payment instruments, individual privacy versus law enforcement concerns, and the implications for monetary policy.
Persistent link: https://www.econbiz.de/10005512874
An examination of how much Federal Reserve Banks should charge for daylight overdrafts. A low fee involves questions of moral hazard in central banking, while a high fee raises questions about risk myopia in private credit markets.
Persistent link: https://www.econbiz.de/10005512881
This commentary explains the phenomena of path dependence, hysteresis, and network economies using lively historical and contemporary examples. The author shows how the path dependence and network economies can interact to produce a variety of undesirable ends-inefficient payment systems, the...
Persistent link: https://www.econbiz.de/10005512902
Despite the increasing use of credit and debit cards and the emergence of various electronic payment instruments, currency remains king-at least for small-dollar-value transactions. The author examines the Federal Reserve's present role in providing currency and explores the challenges and...
Persistent link: https://www.econbiz.de/10005512950
A description of the U.S. payments system, outlining its evolution and examining some of the areas where improvements are needed.
Persistent link: https://www.econbiz.de/10005390356
A comparison of Fedwire, CHIPS, and GlobeSet payment services for 24-hour global markets, emphasizing the constraining influence of the Federal Reserve's monetary policy responsibilities on Fedwire's market share.
Persistent link: https://www.econbiz.de/10005390427