A payment system encompasses a set of instruments and means generally acceptable in making payments; the institutional and organizational framework governing su

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the internation

Central banks have over the past few years devoted considerable resource to the study of the economics of payments. In parallel, this field has begun to establi

Drawing on wide-ranging contributions from prominent international experts and discussing some of the most pressing issues facing policy makers and practitioner

The U.S. payment system is in the midst of a significant transition. Some of the changes to our payment system, involving its efficiency, the risks inherent in