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The Fed's entry into check clearing reconsidered

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  • Jeffrey M. Lacker
  • Jeffrey D. Walker
  • John A. Weinberg

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Suggested Citation

  • Jeffrey M. Lacker & Jeffrey D. Walker & John A. Weinberg, 1999. "The Fed's entry into check clearing reconsidered," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 1-32.
    • Handle: RePEc:fip:fedreq:y:1999:i:spr:p:1-32
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    File URL: https://www.richmondfed.org/-/media/RichmondFedOrg/publications/research/economic_quarterly/1999/spring/pdf/lacker.pdf
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    References listed on IDEAS

    as
    1. John A. Weinberg, 1997. "The organization of private payment networks," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 25-44.
    2. Gorton, Gary, 1985. "Clearinghouses and the Origin of Central Banking in the United States," The Journal of Economic History, Cambridge University Press, vol. 45(2), pages 277-283, June.
    3. James N. Duprey & Clarence W. Nelson, 1986. "A visible hand: the Fed's involvement in the check payments system," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 10(Spr), pages 18-29.
    4. Edward J. Stevens, 1998. "Non-par banking: competition and monopoly in markets for payments services," Working Papers (Old Series) 9817, Federal Reserve Bank of Cleveland.
    5. Baxter, William F, 1983. "Bank Interchange of Transactional Paper: Legal and Economic Perspectives," Journal of Law and Economics, University of Chicago Press, vol. 26(3), pages 541-588, October.
    6. R. Alton Gilbert & Bruce J. Summers, 1996. "Clearing and settlement of U.S. dollar payments: back to the future?," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 3-27.
    7. Jeffrey M. Lacker & John A. Weinberg, 1998. "Can the Fed be a payment system innovator?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 1-25.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Stephen F. Quinn & William Roberds, 2008. "The evolution of the check as a means of payment: a historical survey," Economic Review, Federal Reserve Bank of Atlanta, vol. 93(4).
    2. John A. Weinberg, 2002. "Imperfect competition and the pricing of interbank payment services," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 51-66.
    3. James J. McAndrews & William Roberds, 2000. "The economics of check float," Economic Review, Federal Reserve Bank of Atlanta, vol. 85(Q4), pages 17-27.
    4. Jaremski, Matthew & Mathy, Gabrial, 2017. "Looking Back On the Age of Checking in America, 1800-1960," MPRA Paper 78083, University Library of Munich, Germany.
    5. Chang, Howard H. & Danilevsky, Marina & Evans, David S. & Garcia-Swartz, Daniel D., 2008. "The economics of market coordination for the pre-Fed check-clearing system: A peek into the Bloomington (IL) node," Explorations in Economic History, Elsevier, vol. 45(4), pages 445-461, September.
    6. Lacker, Jeffrey M. & Weinberg, John A., 2003. "Payment economics: studying the mechanics of exchange," Journal of Monetary Economics, Elsevier, vol. 50(2), pages 381-387, March.
    7. Renee Courtois Haltom & Jeffrey M. Lacker, 2015. "Should the Fed Have a Financial Stability Mandate? Lessons from the Fed's First 100 Years," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 49-75.
    8. Khiaonarong, Tanai, 2003. "Payment systems efficiency, policy approaches, and the role of the central bank," Research Discussion Papers 1/2003, Bank of Finland.
    9. R. Alton Gilbert, 1999. "Effects of Federal Reserve services on the efficiency of the system for collecting checks in the United States: 1915--30," Working Papers 1999-014, Federal Reserve Bank of St. Louis.
    10. repec:zbw:bofrdp:2003_001 is not listed on IDEAS
    11. Gilbert, R. Alton, 2000. "The Advent of the Federal Reserve and the Efficiency of the Payments System: The Collection of Checks, 1915-1930," Explorations in Economic History, Elsevier, vol. 37(2), pages 121-148, April.
    12. Tanai Khiaonarong, 2004. "Payment systems efficiency, policy approaches, and the role of the central bank," Finance 0405004, University Library of Munich, Germany.

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