skip navigation

Cyril Monnet

Economic Advisor and Economist

Phone: (215) 574-6222
Fax: (215) 574-4303
E-mail: Cyril.Monnet@phil.frb.org E-mail

Publications

  • "The Welfare Effects of Incentive Schemes" (with Adam Copeland), forthcoming in the Review of Economic Studies.
  • "Monetary Policy in a Channel System" (with Aleksander Berentsen), forthcoming in the Journal of Monetary Economics.
  • "Optimal Pricing of Payment Services" (with William Roberds), forthcoming in the Journal of Monetary Economics.
  • "A Dynamic Model of Settlement" (with Thor Köppl and Ted Temzelides), forthcoming in the Journal of Economic Theory.
  • "Guess What? It's Settlement!" (with Thor Köppl), forthcoming in the Journal of Banking and Finance.
  • "Why Do Financial Systems Differ? History Matters," (with Erwan Quintin), Journal of Monetary Economics, 54(2007), pp. 1002-1017.
  • "Private vs. Public Money" International Economic Review, Vol. 47: No. 3, August 2006, pp. 951-59.
  • "Contracts and Money Revisited" (with Antoine Martin), Topics in Macroeconomics, Vol. 6: Article 1, 2006.
  • "Optimal Contracts in a Dynamic Costly State Verification Model" (with Erwan Quintin), Economic Theory, 26(4), November 2005, pp. 867-85.
  • "Measuring European Financial Integration" (with Lieven Baele, Annalisa Ferrando, Peter Hörd, and Elizaveta Krylova), Oxford Review of Economic Policy, vol. 20, No. 4, Winter 2004, pp. 509-530.

Working Papers

  • "Monetary Policy in a Channel System," with Aleksander Berentsen, Working Paper 08-7, May 2008. PDF
  • "Optimal Pricing of Payment Services When Cash Is An Alternative," with William Roberds, Working Paper 07-26, October 2007. PDF
  • "A Dynamic Model of the Payment System," with Thorsten Koeppl and Ted Temzelides, Working Paper 07-22, October 2007. PDF
  • "Credit and the No-Surcharge Rule" (with William Roberds). Working Paper 2006-25 External Link, Federal Reserve Bank of Atlanta.
  • "The Welfare Effects of Incentive Schemes" (with Adam Copeland). Finance and Economics Discussion Series 2003-08 External Link, Federal Reserve Board of Governors.
  • "Monetary Policy in a Channel System" (with Aleksander Berentsen). Working Paper 295 External Link, Institute for Empirical Research in Economics, University of Zurich.
  • "Counterfeiting and Inflation," Working Paper Series No. 512 External Link (PDF, 569 KB, 24 pages), European Central Bank.
  • "Costly Banknote Issuance and Interest Rates Under the U.S. National Banking System," Working Paper 601 External Link, Federal Reserve Bank of Minneapolis.

Work-in-Progress

  • "Central Clearing Counterparties" (with Thor Köppl)
  • "Mechanism Design and Payments" (with Thor Köppl and Ted Temzelides)
  • "Implementing Monetary Policy with No Reserve" (with Cornelia Holthausen and Flemming Würtz)
  • "Public Information and Monetary Policy" (with Marie Hoerova and Ted Temzelides)
  • "Inequality and Growth, the Institutional Link" (with Thor Köppl and Erwan Quintin)
  • "Banks: A Mechanism Design Approach" (with Fabrizio Mattesini and Randall Wright)

Research Interests

  • Design of Institutions
  • Implementation of Monetary Policy
  • Monetary Theory