Conferences & Events

2008 Conference: Economics of Payments III - Preliminary Agenda

Thursday, April 3
8:30 a.m.	Continental breakfast
9:00	Welcoming Remarks Dennis Lockhart, President, Federal Reserve Bank of Atlanta
9:15	Session I: Historical Perspectives on Payment Systems Chair Ellis Tallman, Federal Reserve Bank of Atlanta "Coin Size and Payments in Commodity Money Systems " Angela Redish, University of British Columbia, and Warren Weber, Federal Reserve Bank of Minneapolis Discussant François Velde, Federal Reserve Bank of Chicago
10:00	Break
10:30	Session II: Studies of Wholesale Payment Systems Chair Morten Bech, Federal Reserve Bank of New York "Towards a Network Description of Interbank Payment Flows" Marc Pröpper, Iman van Lelyveld, and Ronald Heijmans, De Nederlandsche Bank Discussant James Chapman, Bank of Canada "A Model of Tiered Settlement Networks" James Chapman, Jonathan Chiu, and Miguel Molico, Bank of Canada Discussant Marco Galbiati, Bank of England
Noon	Lunch
2:00 p.m.	Session III: Theory of Retail Payment Systems Chair Gene Amromin, Federal Reserve Bank of Chicago "Consumer Choice and Merchant Acceptance of Payment Media: A Unified Theory" Wilko Bolt, De Nederlandsche Bank, and Sujit Chakravorti, Federal Reserve Bank of Chicago Discussant Cyril Monnet, Federal Reserve Bank of Philadelphia "Market Structure and Credit Card Pricing: What Drives the Interchange?" Zhu Wang, Federal Reserve Bank of Kansas City Discussant Jean-Charles Rochet, University of Toulouse
3:30	Break
4:00	Session IV: Choice of Payments by Consumers I Chair David Skeie, Federal Reserve Bank of New York "Consumer Homing on Payment Cards: From Theory to Measurement" Chris Snyder and Jonathan Zinman, Dartmouth College Discussant Joanna Stavins, Federal Reserve Bank of Boston "Financial Innovation and the Persistence of the Extensive Margin" Kim Huynh, Indiana University Discussant Fumiko Hayashi, Federal Reserve Bank of Kansas City
5:30	Reception
6:30	Dinner

Friday, April 4
8:30 a.m.	Continental breakfast
	Session I: Payments in Search-Theoretic Models of Exchange Chair Antoine Martin, Federal Reserve Bank of New York "Inflation and Intermediation Frictions" Gabriele Camera, University of Iowa, and Francesco Ruscitti, Yeshiva University Discussant Valerie Bencivenga, University of Texas "Counterfeiting as Private Money in Mechanism Design" Ricardo Cavalcanti, Getulio Vargas Foundation, and Ed Nosal, Federal Reserve Bank of Cleveland Discussant David Mills, Board of Governors
10:30	Break
11:00	Session II: Invited Lecture "Information and Liquidity" Randy Wright, University of Pennsylvania
Noon	Lunch
1:30 p.m.	Session III: Choice of Payments by Consumers II Chair Carlos Arango, Bank of Canada "The Demand for Currency versus Debitable Accounts: A Reconsideration" David Bounie, Telecom Paris, Abel François, University of Strasbourg, and Nicolas Houy, Cergy-Pontoise University Discussant Travis Nesmith, Board of Governors
2:15	Break
2:45	Session IV: Empirical Studies of Payment Cards Chair Scott Schuh, Federal Reserve Bank of Boston "The Impact of Wealth on Inattention: Evidence from Credit Card Repayments" Barry Scholnick, University of Alberta, Nadia Massoud, York University, and Anthony Saunders, New York University Discussant Irina Telyukova, University of California at San Diego "Debit versus Credit: A Model of Self-Control with Evidence from Checking Accounts" Marc Fusaro, East Carolina University Discussant Ron Borzekowski, Board of Governors
4:15	Adjournment

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