PhD Thesis: Payments and Central Bank Policy

Frontpage for PhD. Thesis on Payments and Central Bank Policy
Authors Korsgaard, Søren
Subject Payments; Interbank payments; Pledging of collateral; Bank and Payments
Type PhD Theses
Year 2016
Published 13 July 2016
The thesis consists of three chapters. The first chapter examines the market for retail payments, specifically the role of interchange fees in payment card networks. The second chapter looks at how banks' liquidity shape outcomes in the money market. Finally, the third chapter explores how central banks use collateral policy to support lending.