Money, Credit, Banking, and Payments System Policy

Goodfriend, Marvin

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Money, Credit, Banking, and Payments System Policy

FRB Richmond Economic Review, vol. 77, no. 1, January/February 1991, pp. 7-23

17 Pages Posted: 6 Nov 2012

See all articles by Marvin Goodfriend

Marvin Goodfriend

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

There are 2 versions of this paper

Date Written: 1991

Abstract

This article employs contract theory to analyze the evolution of the payments system. Insights gained are used subsequently to evaluate three prominent public payments system policies: monetary policy, central bank lending, and deposit insurance.

Suggested Citation: Suggested Citation

Goodfriend, Marvin, Money, Credit, Banking, and Payments System Policy (1991). FRB Richmond Economic Review, vol. 77, no. 1, January/February 1991, pp. 7-23, Available at SSRN: https://ssrn.com/abstract=2126224