Workshop on Money and Payments

October 26, 2007

Overview
The purpose of the workshop is to bring together academics and other researchers to discuss new developments in monetary and payments economics. Opportunities will exist throughout the day for informal discussion among participants.

Workshop Location
Federal Reserve Bank of New York
33 Liberty Street
Liberty Room Conference Room
New York, NY 10045
Workshop Organizer
Antoine Martin, Federal Reserve Bank of New York
More Information
Please contact antoine.martin@ny.frb.org.
Agenda
9:00 a.m. Breakfast
9:20 a.m.

Welcoming Remarks

Joseph S. Tracy
, Director of Research, Federal Reserve Bank of New York

9:30 a.m.

Banking, Liquidity, and Inflation

Jonathan Chiu (joint with Césaire Meh), Bank of Canada

10:15 a.m.

Efficiency Improvement from Restricting the Liquidity of Nominal Bonds pdf

Shouyong Shi
, University of Toronto

11:00 a.m.

Coffee Break

11:30 a.m.

Market Structure and Credit Card Pricing: What Drives the Interchange? pdf

Zhu Wang, Federal Reserve Bank of Kansas City

12:15 p.m.

Lunch

2:00 p.m.

The Optimal Inflation Target in an Economy with Limited Enforcement pdf

James Bullard, Federal Reserve Bank of St. Louis (joint with Gaetano Antinolfi and Costas Azariadis, Washington University)

2:45 p.m.

Money is not Memory; It is Commitment

Stephen Williamson, Washington University (joint with Daniel Sanches, Washington University, and Randall Wright, University of Pennsylvania)

3:30 p.m.

Coffee Break

4:00 p.m.

Liquidity and Systemic Risk in Payment Systems pdf
Gara Minguez Afonso (joint with Hyun Song Shin), Princeton University

4:45 p.m.

Reception

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