) electronic payments system. We construct an equilibrium model of customer and bank adoption of ACH. We structurally estimate the …

fees, foreign fees and surcharges applied to transactions by customers at other than an own-bank ATM. Surcharging raises … typically not possible between a bank and a non-bank. A high cost of teller transactions modifies the tendency towards high ATM …

Recent banking theory holds that durable firm-bank relationships are valuable to both parties. Using contract …-specific loan records of a nineteenth-century U.S. bank, this paper shows that firms that form extended relationships with banks … receive three principal benefits. First, firms with extended relationships face lower credit costs. As the bank …

Shadow bank market share in residential mortgage origination nearly doubled from 2007-2015, with particularly dramatic … regulation accounts for roughly 60% of shadow bank growth, while technology accounts for roughly 30% …

introducing a product that permits Sri Lankan households to deposit mobile airtime balances into a formal bank using a new mobile …

operations of the central bank from markets in which financial claims are created and transacted in ways that, at some operative …

of bank branches and ATM terminals. We characterize the solution of the model and show that qualitatively it is able to …