Journal Article
The national debt: a secular perspective
Carlson, John B.; Stevens, Edward J. (1985-07)
An examination of the various factors that have determined the level and growth of the federal debt over the past 40 years, with some perspective on future levels of federal debt.
Economic Review , Issue Q III , Pages 11-24

Journal Article
Price isn't everything
Stevens, Edward J. (1993-04)
A comparison of Fedwire, CHIPS, and GlobeSet payment services for 24-hour global markets, emphasizing the constraining influence of the Federal Reserve's monetary policy responsibilities on Fedwire's market share.
Economic Commentary , Issue Apr

Journal Article
Evolution in banking supervision
Stevens, Edward J. (2000-03)
Banking supervision must keep pace with technical innovations in the banking industry. The international Basel Committee on Banking Supervision currently is reviewing public comments on its proposed new method for judging whether a bank maintains enough capital to absorb unexpected losses. This Economic Commentary explains how existing standards became obsolete and describes the new plan.
Economic Commentary , Issue Mar

Working Paper
Defining the monetary base in a deregulated financial system
Stevens, Edward J. (1995)
An examination of how the diminishing role of reserve requirements has made the monetary base a less useful measure of monetary policy than in previous years.
Working Papers (Old Series) , Paper 9514

Working Paper
Money in the twenty-first century.
Jordan, Jerry L.; Stevens, Edward J. (1996)
What implications do 21st century monetary innovations bring for holdings of central bank money and standards of value? Emerging technologies such as cybercash, e-cash, and smart cards can be expected to reduce demand for central bank money, but the theoretical framework for monetary policy has not changed. The authors stress three points in this paper: 1) money innovations tend to reduce the demand for central bank money, but it remains to be seen whether the predictability of that demand, and thus the reliability of monetary policy, will decline in the coming century; 2) in principle, ...
Financial Services working paper , Paper 96-02

Working Paper
Pricing daylight overdrafts
Stevens, Edward J. (1988)
An examination of three policy problems associated with daylight credit and an evaluation of three reform proposals to alleviate the payment system risk associated with Federal Reserve Banks' extension of daylight credit to financial institutions.
Working Papers (Old Series) , Paper 8816

Journal Article
Seeking safety
Stevens, Edward J. (1987-04)
A discussion of investor risk in the government securities market, covering abuses and the key features of possible remedies being offered by proposed regulations required by the Government Securities Act of 1986.
Economic Commentary , Issue Apr

Journal Article
Risk in large-dollar transfer systems
Stevens, Edward J. (1984-10)
An examination of the concept of settlement risk, a description of the large-dollar payment system in the U.S., and an explanation of the increased concern about settlement risk.
Economic Review , Issue Fall , Pages 2-16

Journal Article
Risk in large-dollar transfer systems
Stevens, Edward J. (1985)
Special issue on payments system risk
Financial Industry Perspectives

Journal Article
Reducing risk in wire transfer systems
Stevens, Edward J. (1986-04)
A description of sources of risk in large-dollar transfer systems and a discussion of the Board of Governors' new mechanism for risk control. The author cites examples of potential changes that might facilitate future risk reduction.
Economic Review , Issue Q II , Pages 17-22