Recent Financial Innovations: Courses, Consequences for the Payments System, and Implications for Monetary Control

14 Pages Posted: 24 Aug 2012

See all articles by Marvin Goodfriend

Marvin Goodfriend

Carnegie Mellon University - David A. Tepper School of Business; National Bureau of Economic Research (NBER)

James Parthemos

Federal Reserve Banks - Federal Reserve Bank of Richmond (Deceased)

Bruce J. Summers

Consultant on Money, Banking, and Payments

Date Written: 1980

Abstract

The past two decades have been characterized by a number of significant innovations in the U.S. financial system, which today differs greatly from the system existing at the beginning of the 1960's.

Suggested Citation

Goodfriend, Marvin and Parthemos, James and Summers, Bruce J., Recent Financial Innovations: Courses, Consequences for the Payments System, and Implications for Monetary Control (1980). FRB Richmond Economic Review, Vol. 66, No. 2, March/April 1980, pp. 14-27. Available at SSRN: https://ssrn.com/abstract=2118632

Marvin Goodfriend (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

James Parthemos

Federal Reserve Banks - Federal Reserve Bank of Richmond (Deceased)

Bruce J. Summers

Consultant on Money, Banking, and Payments ( email )

VA
United States
540-464-1790 (Phone)

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