Payment Systems

Discussion Paper

The Future of Cash

DP 21-03 - In many advanced economies around the world, the share of transactions conducted using cash payments has been falling over the past several years.

Featured Work

Payment Systems

Article

Central Bank Digital Currency: Central Banking For All

The possibility and logistics of developing a central bank digital currency for the general public has attracted significant attention. Such an initiative would require central banks to be involved in financial intermediation and maturity transformation.

Consumer Credit

Working Paper

The Credit Card Act and Consumer Debt Structure

WP 20-32 - We investigate whether the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 influenced the debt structure of consumers. By debt structure, we mean the proportion of total available credit from credit cards for each consumer.

Consumer Credit

Working Paper

A Survey of Fintech Research and Policy Discussion

WP 20-21/R - The intersection of finance and technology, known as fintech, has resulted in the dramatic growth of innovations and has changed the entire financial landscape.