Banking and Payments Research

Research staff analyze domestic and international payments systems as well as the banking industry.

Recent Articles

Research Working Paper

An Analytical Price of Stablecoin “Deposit” Insurance

This paper provides the first analytical estimates of the price of guaranteeing stablecoins against loss.

Research Working Paper | Banking and Finance | Payments | Quantitative Methods
Research Working Paper

Complementary Effects of Financial Education and Payday Lending Regulations on Financial Inclusion

Financial education reduces adults’ likelihood of being unbanked, particularly in states where payday lending is also restricted.

Research Working Paper | Banking and Finance | Monetary Policy | Payments | Quantitative Methods
Economic Bulletin

Bank Funding and FHLB Advances

Bank funding has evolved substantially since the onset of the pandemic, renewing attention on banks’ use of FHLB advances.

Economic Bulletin | Banking and Finance
Payments System Research Briefing

How Do Consumers’ Fraud Experiences Vary with Their Financial Vulnerability?

Data show financially vulnerable consumers are more likely to experience fraud and ultimately incur fraud losses.

Payments System Research Briefing | Payments | Banking and Finance
Payments System Research Briefing

U.S. Consumers’ Use of Cryptocurrency for Payments

The share of U.S. consumers who use cryptocurrency for payments has been very small and recently declined.

Payments System Research Briefing | Payments
Research Working Paper

Unconventional Monetary Policy Spillovers and the (In)convenience of Treasuries

When the convenience of U.S. Treasuries wanes, yields are more exposed to large-scale asset purchases by the European Central...

Research Working Paper | Banking and Finance | Data and Trends | International | Quantitative Methods
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