of three payments instruments--check, automated clearinghouse (ACH) transfers, and Fedwire processing--provided by the … and Fedwire services. Check processing also exhibits substantial cost inefficiency, but constant returns to scale …. Technological progress is found to be sizeable for ACH and Fedwire; check processing is found to have experienced technological …

This paper attempts to quantify the benefits associated with operating a liquidity-saving mechanism (LSM) in Fedwire …

The Federal Reserve's Fedwire funds transfer service - the biggest large-value payments system in the United States …-afternoon Fedwire activity reflects coordination among participating banks to reduce liquidity costs, delay costs, and credit risk; as … changing environment in which Fedwire operates has affected the timing of payment value transferred within the system between …

An examination of the Federal Reserve’s Fedwire Funds Transfer service reveals that the highest concentration of funds …

's Fedwire payments system. As a result, many banks received fewer payments than expected, causing unexpected shortfalls in banks …

. Using Fedwire data to calibrate our model, we describe the equilibrium that would arise with an LSM and compare welfare with …

We explore the network topology of the interbank payments transferred between commercial banks over the Fedwire Funds …