Research Conference on Payment Systems
14 and 15 November 2008
Norges Bank is organising a Research Conference on Payment Systems on Friday and Saturday, November 14-15, 2008.
We have received a large number of high quality papers and believe that the selected conference speakers represent some of the best research available in this area.
Friday 14 November
09.00 – 09.15 Opening address by Deputy Governor Jan F. Qvigstad
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"
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"
Discussant: Kari Kemppainen (Bank of Finland).
John Simon, Kylie Smith and Tim West (Reserve Bank of Australia): “Price incentives and payment patterns”
Discussant: Mats Bergman (Uppsala University)
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"
Discussant: Francisco Rodriguez (University of Granada)
Chair: Sigbjørn Atle Berg (Norges Bank)
14.00 – 14.30 Presentation of Norges Bank’s cost survey, Olaf Gresvik (Norges Bank)
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?“
Discussant: Sujit Chakravorti (Federal Reserve Bank of Chicago)
Stijn Ferrari (KU Leuven): "Discriminatory fees and coordination in Shared ATM networks“
Discussant: Jocelyn Donze (Toulouse School of Economics)
16.30 – 17.15 Keynote address I:
David B. Humphrey (Florida State University): "Retail Payments: Overview, Empirical Results, and Unanswered Questions"
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“
Discussant: Kimmo Soramäki ( Helsinki University of Technology).
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“
Discussant: Heiko Schmiedel (European Central Bank)
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”
Discussant: Santiago Carbó-Valverde (University of Granada)
Gene Amromin and Sujit Chakravorti (Federal Reserve Bank of Chicago): "Whither small change? The diminishing demand for small denomination currency“
Discussant: Francesco Columba (Bank of Italy)
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?"
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“
Discussant: Philip Molyneux (University of Wales, Bangor)
15.45 Closing remarks
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)