2009 Money and Payments Workshop: Payment Systems in a Changing Financial Environment

Friday, October 2, 2009
8:30 a.m. Breakfast
8:50 a.m. Opening Remarks
9:00 a.m. Liquidity-Saving Mechanisms in Collateralized RTGS Payment System PDF
Antoine Martin, Federal Reserve Bank of New York (joint with Marius Jurgilas)

Discussant: Tomohiro Ota, Bank of England
10:00 a.m. Interlinkages between Payment and Securities Settlement Systems PDF
David Mills, Federal Reserve Board (joint with Samia Husain)

Discussant: Gara Afonso, Federal Reserve Bank of New York
11:00 a.m. Coffee Break
11:15 a.m. SEPA, Efficiency, and Payment Card Competition PDF
Wilko Bolt, De Nederlandsche Bank (joint with Heiko Schmiedel)

Discussant: Emilio Calvano, Harvard University
12:15 p.m. Lunch
1:30 p.m. Offshore Settlement, Collateral, and Interest Rates PDF
Charles Kahn, University of Illinois

Discussant: Cyril Monnet, Federal Reserve Bank of Philadelphia
2:30 p.m. Optimal Central Counterparty Risk Management PDF
Philipp Haene, Swiss National Bank (joint with Andy Sturm)

Discussant: Francesca Carapella, Federal Reserve Board
3:30 p.m. Coffee Break
3:45 p.m. Central Bank Haircut Policy PDF
James Chapman, Bank of Canada (joint with Jonathan Chiu and Miguel Molico)

Discussant: Borghan Narajabad, Rice University
4:45 p.m. Reception
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