Norges Bank, 14 - 15 November 2008

Programme

Friday 14 November

09.00 – 09.15 Opening address by Deputy Governor Jan F. Qvigstad

Costs in the Norwegian payment system 2007 - a brief overview of the survey and results (Staff Memo 2008/9)

Chair: Bent Vale (Norges Bank)

09.15 – 10.00  Session I: Gross value settlements

Antoine Martin and Jamie McAndrews (Federal Reserve Bank of New York): "A study of competing designs for a liquidity savings mechanism"
Presentation
Paper

Discussant: Jean-Charles Rochet, (Toulouse School of Economics)

10.00 – 12.45  Session II: Card reward programmes and credit behaviour

Andrew Ching (University of Toronto) and Fumiko Hayashi (Federal Reserve Bank of Kansas City): "Payment card rewards programs and consumer payment choice"
Presentation
Paper

Discussant: Kari Kemppainen (Bank of Finland).
Comments

John Simon, Kylie Smith and Tim West (Reserve Bank of Australia): “Price incentives and payment patterns”
Presentation
Paper

Discussant: Mats Bergman (Uppsala University)
Comments

Barry Scholnick (University of Alberta), Nadia Massoud (York University) and Anthony Saunders (New York University): "The impact of wealth on inattention: Evidence from credit card repayments"
Presentation
Paper

Discussant: Francisco Rodriguez (University of Granada)
Comments

Chair: Sigbjørn Atle Berg (Norges Bank)

14.00 – 14.30 Presentation of Norges Bank’s cost survey, Olaf Gresvik (Norges Bank)
Presentation

14.30 – 16.00  Session III: ATMs

Jocelyn Donze and Isabelle Dubec (Toulouse School of Economics): "Paying for ATM usage: good for consumers, bad for banks?“
Presentation
Paper

Discussant: Sujit Chakravorti (Federal Reserve Bank of Chicago).
Comments

Stijn Ferrari (KU Leuven): "Discriminatory fees and coordination in Shared ATM networks“
Presentation
Paper

Discussant: Jocelyn Donze (Toulouse School of Economics).
Comments

16.30 – 17.15  Keynote address I:
David B. Humphrey (Florida State University): "Retail Payments: Overview, Empirical Results, and Unanswered Questions"
Presentation
Paper

Saturday 15 November

Chair: Gabriela Guibourg (Sveriges Riksbank)

0900 – 1030  Session IV: Surcharging and merchant fees in payment cards

Marc Borreau and Marianne Verdier (TELECOM ParisTech): "Private cards and the bypass of payment systems by merchants“
Presentation
Paper

Discussant: Kimmo Soramäki ( Helsinki University of  Technology).
Comments

Wilko Bolt, Nicole Jonker and Corry van Renselaar (De Nederlandsche Bank): "Incentives at the counter: An empirical analysis of surcharging card payments and payment behaviour in the Netherlands“
Presentation
Paper

Discussant: Heiko Schmiedel (European Central Bank).
Comments

1100 – 1230  Session V: Consumer choice of payments instruments

Scott Schuh and Joanna Stavins (Federal Reserve Bank of Boston): "Why are (some) consumers (finally) writing fewer checks? The role of payment characteristics”
Presentation
Paper

Discussant: Santiago Carbó-Valverde (University of Granada).
Comments

Gene Amromin and Sujit Chakravorti (Federal Reserve Bank of Chicago): "Whither small change? The diminishing demand for small denomination currency“
Presentation
Paper

Discussant: Francesco Columba (Bank of Italy).
Comments

Chair: Eirik G. Kristiansen (Norwegian School of Economics and Business Administration)

13.45 – 14.30  Keynote address II:
 Jean-Charles Rochet (Toulouse School of Economics): "Why are interchange fees so different for credit and debit cards?“
Presentation

15.00 – 15.45 Session VI: Competition

Wilko Bolt (De Nederlandsche Bank) and David B. Humphrey (Florida State University): "Bank competition efficiency in Europe: A frontier approach“
Presentation
Paper

Discussant: Philip Molyneux (University of Wales, Bangor).
Comments

15.45 Closing remarks

Program committee:
Gabriela Guibourg (Sveriges Riksbank)
David B. Humphrey (Florida State University),
Eirik G. Kristiansen (Norwegian School of Economics and Business Administration),
Jean-Charles Rochet (Toulouse School of Economics)
Bent Vale (Norges Bank)