This article employs contract theory to analyze the evolution of the payments system. Insights gained are used subsequently to evaluate three prominent public payments system policies: monetary policy, central bank lending, and deposit insurance.Payment systems

Marvin Goodfriend

English

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Money, credit, banking, and payments system policy

http://www.richmondfed.org/publications/research/economic_review/1991/pdf/er770102.pdf

Money, credit, banking, and payments system policy

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Research Papers in Economics