The Economic Review is a quarterly research publication with articles by Federal Reserve Bank of Kansas City staff on issues of relevance to the Federal Reserve, including macroeconomics and monetary policy, regional and international economics, banking, financial markets, and payments systems.  For paper copies of previous issues of the Economic Review you can order online. To receive e-mail notification when new Economic Review articles are posted, sign up in our E-alert system.

Articles Organized by year or by topic: Banking and financial markets  | Monetary policy and macroeconomics  |  Speeches and symposium presentations  |  International economics  |  Payments Systems |  Regional/rural/agricultural economics

Payments System

2008

Can Smart Cards Reduce Payments Fraud and Identity Theft?
Richard J. Sullivan     (Summary | Article  PDF 000K)

2007

Risks of Identity Theft: Can the Market Protect the Payment System?
Stacey L. Schreft    (Summary | Article  PDF 277K) 

Nonbanks in the Payments System: Innovation, Competition, and Risk - A Conference Summary
Richard J. Sullivan and Zhu Wang    (Summary | Article  PDF 109K) 

Risk Management and Nonbank Participation in the U.S. Retail Payments System
Richard J. Sullivan     (Summary | Article  PDF 161K)

2006

Interchange Fees in Australia, the UK, and the United States: Matching Theory and Practice
Fumiko Hayashi and Stuart E. Weiner     (Summary | Article  PDF 173K)

Interchange Fees in Credit and Debit Card Markets: What Role for Public Authorities? A Conference Summary
Barbara Pacheco and Richard Sullivan    (Summary | Article  PDF 219K)

2005

Recent Evolution of Large-Value Payment Systems: Balancing Liquidity and Risk
Antoine Martin, First Quarter    (Summary | Article PDF 193K)

2001

Clicking with Dollars: How Consumers Can Pay for Purchases from E-tailers
Stacey L. Schreft, First Quarter    (Summary | Article PDF 164K)

1999

The Outlook for the U.S. Banking Industry: What Does the Experience of the 1980s and 1990s Tell Us?
Kenneth Spong and Richard J. Sullivan   (Summary | Article  PDF 206K)

Electronic Payments in the U.S. Economy: An Overview
Stuart E. Weiner, Fourth Quarter    (Summary | Article PDF 84K)

1998

Income Inequality: A Summary of the Bank's 1998 Symposium
Stuart E. Weiner and Stephen A. Monto, Fourth Quarter    (Summary | Article PDF 65K)

1997

Looking Forward: The Role for Government In Regulating Electronic Cash
Stacey L. Schreft, Fourth Quarter    (Summary | Article PDF 127K)

Settlement Risk in Large-Value Payments Systems
Pu Shen, Second Quarter    (Summary | Article PDF 97K)

1994

Is the Debit Card Revolution Finally Here?
John P. Caskey and Gordon H. Sellon, Jr., Fourth Quarter    (Summary | Article PDF 130K)

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