1st Edition
Institutional Change in the Payments System and Monetary Policy
192 Pages
by
Routledge
192 Pages
by
Routledge
208 Pages
by
Routledge
Also available as eBook on:
"Central bankers worldwide welcome the recent increase of research on payment systems. This volume, providing an expert overview on this timely subject, should be required reading for us all". - Erkki Liikanen, Governor of the Bank of Finland
Monetary policy has been at the centre of economic research from the early stages of economic thought, but payment system research has attracted... Read more
1. Introduction and Overview 2. The Organization of Interbank Settlement Systems 3. Institutional Change in the US Payments System 4. Main Influences on Monetary Policy Implementation Over Time 5. eMoney and Monetary Policy 6. Money and Payments: A Modern Perspective 7. Modelling Institutional Change in the Payments System 8. Modelling Payments Systems 9. Monetary Policy in a World without Central Bank Money
Biography
Stefan W. Schmitz is an Economist with the Austrian National Bank.
Geoffrey Wood is Professor of Economics at London's City University.
"Central bankers worldwide welcome the recent increase of research on payment systems. This volume, providing an expert overview on this timely subject, should be required reading for us all".
Erkki Liikanen, Governor of the Bank of Finland
