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In an article adapted from a speech made to at the Annual Conference of the National Bank of Austria in May of this year, Federal Reserve Bank of Kansas City President Hoenig examines recent and prospective changes in the U.S. payments system. The theme of his remarks is that the rate at which a...
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This is a transcript of a speech delivered May 4 in Santa Fe, N.M., at the Bank's conference "Nonbanks in the Payments System: Innovation, Competition and Risk"
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