Our mission is to produce leading-edge research on how credit markets and payment systems affect the economy. The Institute sponsors opportunities for scholars, the financial industry, and the public sector to collaborate and share insights on fostering healthy household finances, a stable financial system, and a resilient economy.

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Our researchers span four Bank departments and collaborate with each other and visiting scholars to provide the next level of research.

Meet one of our researchers

Konstantinos Serfes

Professor of Economics, School of Economics, LeBow College of Business, Drexel University

Kostas Serfes

Konstantinos Serfes, a CFI visiting scholar, conducts much of his research in the areas of industrial organization and microeconomics.

  • Industrial Organization
  • Microeconomics
  • Applied Game Theory
Featured Publications
  • Dynamic Pricing of Credit Cards and the Effects of Regulation
  • A Price Theory of Vertical and Lateral Integration under Two-Sided Productivity Heterogeneity
  • Does Competition Improve Quality? The Case of Nursing Homes Where Public and Private Payers Coexist
  • Strategic Incentives for Innovations and Market Competition
  • Is the Effect of Competition on Price Dispersion Non-Monotonic? Evidence from the U.S. Airline Industry

Publications and Resources

Literature Database

Our continually updated database provides bibliographic citations for journal articles, books, reports, and other publications on consumer credit and payments and links to full-text papers from across the Federal Reserve System.

Search Our Literature Database