An examination of the cost of providing check-processing services at 47 Federal Reserve offices between 1983:1Q and 1990:IVQ, demonstrating how the Fed's unit cost measures can be decomposed into separate effects related to differences in cost efficiency, output mix, input prices, and environmental variables.Checks ; Payment systems

Paul W. Bauer

English

Research Papers in Economics

A Technique for Estimating a Cost System That Allows for Inefficiency,&quot; Federal Reserve Bank of Cleveland, Working Paper 8704,

Costs, Scale Economies, Competition, and Product Mix in the U.S. Payments Mechanism,&quot;

Distribution-Free Estimates of Efficiency in the U.S. Banking Industry and Tests of the Standard Distributional Assumptions,&quot;

Economies to Scale in Federal Reserve Check Processing Operations,&quot;

Efficiency and Productivity Growth in U.S. Banking,&quot; in H.O.

Efficiency in the Savings and Loan Industry,&quot;

Evaluating the Performance of U.S. Credit Unions,&quot;

Governors of the Federal Reserve System. The Federal Reserve System: Purposes and Functions.

Measuring Cost Efficiency in Banking: Econometric and Linear Programming Evidence,&quot;

Money and Barter in General Equilibrium with Transaction Costs,&quot;

Production Frontiers and Panel Data,&quot;

Resource Use in Federal Reserve Check and ACH Operations after Pricing,&quot;

The Efficiency of the Federal Reserve in Providing Check Processing Services,&quot;

The Uses of Money: Money in the Theory of an Exchange Economy,&quot;

Efficiency and technical progress in check processing

http://www.clevelandfed.org/Research/Review/1993/93-q3-bauer.pdf

Efficiency and technical progress in check processing

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