Copeland, Adam; Garratt, Rod - 2015
. Recognizing that payments differ in the urgency with which they need to be settled, Fedwire offers banks a decreasing block-price … schedule. This approach allows Fedwire to price discriminate, charging high fees for urgent payments and low fees for less … urgency for immediate settlement is great enough, banks will respond to marginal price; otherwise, they will respond to …