Scale Economies and Technological Change in Federal Reserve ACH Payment Processing
نویسندگان
چکیده
by Paul W. Bauer and Diana Hancock Paul W. Bauer is,an economic at)-, visor in the Financial Services Research Group at the Federal Reserve Bank of Cleveland, and Diana Hancock is an economist in the Division of Reserve Bank Operations and Payment Systems at the Federal Reserve Board of Governors. For helpful comments, the authors thank Allen Berger, David Humphrey, Jeffrey Marquardt, and Florence Young.
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