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Feb 6, 2017 (All day) to Feb 7, 2017 (All day)

Liquidity, Design of Payment Systems, and Monetary Policy


Robert M. Townsend

Liquidity, Design of Payment Systems, and Monetary Policy

Faculty and students are invited to a special two-part lecture series with Robert M. Townsend, the Elizabeth & James Killian Professor of Economics at MIT and SIEPR visiting professor.

Micro-founded general equilibrium models of liquidity and money provide rich frameworks for understanding the meaning of institutions and markets, and organizing data, all with important operational implications for payment systems and monetary policy.

The talk will take as motivation recent developments in the U.S. and in developing countries: expanded balance sheet of the Federal Reserve and its impact on payments; e-money and access/design of financial systems in developing countries; and an integrated view that focuses on measurement and a common core theory in both applications. 

Part 1

Monday, February 6
1:30 – 3 pm
Stanford GSB, Room C106
Joint with SEED Development Workshop.

Part 2

Tuesday, February 7
12 – 1:30 pm
SIEPR, Room 320
Lunch will be provided.


Special Event
Stanford University
Alexandra Lisonek
(650) 723-3859