Details about William Roberds

E-mail:
Homepage:	https://www.frbatlanta.org/research/economists/roberds-william.aspx?panel=1
Phone:	404 498 8970
Postal address:	1000 Peachtree Street, N.E. Atlanta, GA 30309-4470
Workplace:	Economic Research Department, Federal Reserve Bank of Atlanta, (more information at EDIRC)

Access statistics for papers by William Roberds.

Last updated 2024-05-06. Update your information in the RePEc Author Service.

Short-id: pro118

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Jump to Journal Articles Books Edited books Chapters

Working Papers

2022

1. Central Bank Digital Currencies, an Old Tale With a New Chapter
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2022)

2017

2. An Early Experiment with \"Permazero\"
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

2014

3. Death of a Reserve Currency
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (8)
   See also Journal Article Death of a Reserve Currency, International Journal of Central Banking, International Journal of Central Banking (2016) View citations (11) (2016)
4. Early Public Banks
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (4)
   Also in Working Paper Series, Federal Reserve Bank of Chicago (2014) View citations (4)

2012

5. Responding to a shadow banking crisis: the lessons of 1763
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (14)
   See also Journal Article Responding to a Shadow Banking Crisis: The Lessons of 1763, Journal of Money, Credit and Banking, Blackwell Publishing (2015) View citations (10) (2015)
6. The Bank of Amsterdam through the lens of monetary competition
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (2)
   See also Chapter The Bank of Amsterdam Through the Lens of Monetary Competition, Financial and Monetary Policy Studies, Springer (2014) (2014)

2010

7. How Amsterdam got fiat money
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (8)
   See also Journal Article How Amsterdam got fiat money, Journal of Monetary Economics, Elsevier (2014) View citations (18) (2014)

2008

8. Data breaches and identity theft
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (2)
   See also Journal Article Data breaches and identity theft, Journal of Monetary Economics, Elsevier (2009) View citations (9) (2009)

2007

9. Optimal pricing of payment services when cash is an alternative
   Working Papers, Federal Reserve Bank of Philadelphia

2006

10. An economic explanation of the early Bank of Amsterdam, debasement, bills of exchange, and the emergence of the first central bank
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (12)
11. Credit and Identity Theft
    2006 Meeting Papers, Society for Economic Dynamics
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2005) View citations (10)
    See also Journal Article Credit and identity theft, Journal of Monetary Economics, Elsevier (2008) View citations (25) (2008)
12. Credit and the no-surcharge rule
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (4)

2005

13. The Big Problem of Large Bills: The Bank of Amsterdam and the Origins of Central Banking
    2005 Meeting Papers, Society for Economic Dynamics View citations (6)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2005) View citations (5)

2004

14. Money is privacy
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)
    See also Journal Article MONEY IS PRIVACY, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2005) View citations (30) (2005)
15. Payments Settlement under Limited Enforcement: Private versus Public Systems
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (2)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2002) View citations (5)

2001

16. A Theory of Transactions Privacy
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (1)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2000) View citations (9)

2000

17. The CLS Bank: a solution to the risks of international payments settlement?
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)
    See also Journal Article The CLS bank: a solution to the risks of international payments settlement?, Carnegie-Rochester Conference Series on Public Policy, Elsevier (2001) View citations (20) (2001)

1999

18. A general equilibrium analysis of check float
    Staff Reports, Federal Reserve Bank of New York View citations (9)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1997) View citations (1)
    See also Journal Article A General Equilibrium Analysis of Check Float, Journal of Financial Intermediation, Elsevier (1999) View citations (9) (1999)
19. Payment intermediation and the origins of banking
    Staff Reports, Federal Reserve Bank of New York View citations (30)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1999) View citations (18)
20. Real-time gross settlement and the costs of immediacy
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)
    See also Journal Article Real-time gross settlement and the costs of immediacy, Journal of Monetary Economics, Elsevier (2001) View citations (40) (2001)
21. Settlement risk under gross and net settlement
    Staff Reports, Federal Reserve Bank of New York View citations (9)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1999) View citations (9)
    See also Journal Article Settlement Risk under Gross and Net Settlement, Journal of Money, Credit and Banking, Blackwell Publishing (2003) View citations (43) (2003)

1998

22. Demandable debt as a means of payment: banknotes versus checks
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
    See also Journal Article Demandable Debts as a Means of Payment: Banknotes versus Checks, Journal of Money, Credit and Banking, Blackwell Publishing (1999) View citations (7) (1999)
23. On the role of bank coalitions in the provision of liquidity
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
24. Publications New and Noteworthy
    University of California at Berkeley, Center for Studies in Higher Education, Center for Studies in Higher Education, UC Berkeley

1997

25. A model of check exchange
    Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
26. Payment system settlement and bank incentives
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1996) View citations (12)
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (2)
    See also Journal Article Payment System Settlement and Bank Incentives, The Review of Financial Studies, Society for Financial Studies (1998) View citations (57) (1998)

1996

27. Endogenous term premia and anomalies in the term structure of interest rates: explaining the predictability smile
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (6)
    See also Journal Article Endogenous term premia and anomalies in the term structure of interest rates: Explaining the predictability smile, Journal of Monetary Economics, Elsevier (1999) View citations (34) (1999)

1995

28. On the efficiency of cash settlement
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (2)

1994

29. Banks, payments, and coordination
    Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1994)
    See also Journal Article Banks, Payments, and Coordination, Journal of Financial Intermediation, Elsevier (1995) View citations (33) (1995)

1993

30. Towards the systematic measurement of systemic risk
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (4)

1992

31. Another hole in the ozone layer: changes in FOMC operating procedure and the term structure
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (1)
    See also Journal Article Another hole in the ozone layer: changes in FOMC operating procedure and the term structure, Proceedings, Board of Governors of the Federal Reserve System (U.S.) (1993) View citations (2) (1993)
32. Budget constraints and time-series evidence on consumption: comment
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
    See also Journal Article Budget Constraints and Time-Series Evidence on Consumption: Comment, American Economic Review, American Economic Association (1996) (1996)

1991

33. Legal restrictions and welfare in a simple model of money
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

1990

34. Monetary aggregates as monetary targets: a statistical investigation
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
    See also Journal Article Monetary Aggregates as Monetary Targets: A Statistical Investigation, Journal of Money, Credit and Banking, Blackwell Publishing (1992) View citations (8) (1992)

1989

35. How little we know about budget policy effects
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) View citations (1)

1988

36. A quarterly Bayesian VAR model of the US economy
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (1)

1987

37. Monetary targeting in a dynamic macro model
    Staff Report, Federal Reserve Bank of Minneapolis
38. The quantitative significance of the Lucas critique
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)
    See also Journal Article The Quantitative Significance of the Lucas Critique, Journal of Business & Economic Statistics, American Statistical Association (1991) View citations (8) (1991)

1986

39. Models of policy under stochastic replanning
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
    See also Journal Article Models of Policy under Stochastic Replanning, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1987) View citations (70) (1987)
40. Solution of linear-quadratic- Gaussian dynamic games using variational methods
    Staff Report, Federal Reserve Bank of Minneapolis

Journal Articles

2023

1. The Fed and Its Shadow: A Historical View
   Policy Hub, 2023, 2023, (6), 32

2022

2. Unstable Coins: The Early History of Central Bank Analog Currencies
   Policy Hub, 2022, 2022, (2), 38

2020

3. Central Banks, Global Shocks, and Local Crises: Lessons from the Atlanta Fed's Response to the 1920–21 Recession
   Policy Hub, 2020, 2020, (15), 35
4. Standing Repo Facilities, Then and Now
   Policy Hub, 2020, 2020, (1), 27

2019

5. A Policy Framework for the Bank of Amsterdam, 1736–1791
   The Journal of Economic History, 2019, 79, (3), 736-772 View citations (8)

2018

6. Till Time’s Last Sand: A History of the Bank of England, 1694–2013. By David Kynaston. London: Bloomsbury, 2017. Pp. viii, 879. $67.50, hardcover
   The Journal of Economic History, 2018, 78, (4), 1258-1259

2016

7. Death of a Reserve Currency
   International Journal of Central Banking, 2016, 12, (4), 63-103 View citations (11)
   See also Working Paper Death of a Reserve Currency, FRB Atlanta Working Paper (2014) View citations (8) (2014)
8. Review of Making Money: Coin, Currency, and the Coming of Capitalism by Christine Desan
   Journal of Economic Literature, 2016, 54, (3), 906-21 View citations (2)

2015

9. Responding to a Shadow Banking Crisis: The Lessons of 1763
   Journal of Money, Credit and Banking, 2015, 47, (6), 1149-1176 View citations (10)
   See also Working Paper Responding to a shadow banking crisis: the lessons of 1763, FRB Atlanta Working Paper (2012) View citations (14) (2012)

2014

10. How Amsterdam got fiat money
    Journal of Monetary Economics, 2014, 66, (C), 1-12 View citations (18)
    See also Working Paper How Amsterdam got fiat money, FRB Atlanta Working Paper (2010) View citations (8) (2010)
11. The House of Rothschild in Spain, 1812–1941.. By Miguel A López-Morell. translated by Stephen P. Hasler. Surrey: Ashgate. 2013. Pp. xvii, 449. £75.00, hardcover
    The Journal of Economic History, 2014, 74, (3), 922-924

2009

12. Data breaches and identity theft
    Journal of Monetary Economics, 2009, 56, (7), 918-929 View citations (9)
    See also Working Paper Data breaches and identity theft, FRB Atlanta Working Paper (2008) View citations (2) (2008)
13. Data security, privacy, and identity theft: The economics behind the policy debates
    Economic Perspectives, 2009, 33, (Q I), 22-30 View citations (3)
14. Payments Settlement: Tiering in Private and Public Systems
    Journal of Money, Credit and Banking, 2009, 41, (5), 855-884 View citations (7)
    Also in Journal of Money, Credit and Banking, 2009, 41, (5), 855-884 (2009) View citations (23)
15. Why pay? An introduction to payments economics
    Journal of Financial Intermediation, 2009, 18, (1), 1-23 View citations (84)

2008

16. Comprendiendo la administración de riesgos en los pagos minoristas emergentes
    Boletín, 2008, LIV, (1), 29-52
17. Credit and identity theft
    Journal of Monetary Economics, 2008, 55, (2), 251-264 View citations (25)
    Also in Conference Series ; [Proceedings], 2005 (2005) View citations (12)
    See also Working Paper Credit and Identity Theft, 2006 Meeting Papers (2006) (2006)
18. Keeping the bad guys out, risk management and retail payment innovation
    Journal of Financial Transformation, 2008, 24, 175-182
19. Optimal pricing of payment services
    Journal of Monetary Economics, 2008, 55, (8), 1428-1440 View citations (28)
20. The evolution of the check as a means of payment: a historical survey
    Economic Review, 2008, 93, (4) View citations (14)
21. Understanding risk management in emerging retail payments
    Economic Policy Review, 2008, 14, (Sep), 137-159 View citations (4)

2007

22. The Bank of Amsterdam and the Leap to Central Bank Money
    American Economic Review, 2007, 97, (2), 262-265 View citations (16)
23. Transferability, finality, and debt settlement
    Journal of Monetary Economics, 2007, 54, (4), 955-978 View citations (15)

2005

24. MONEY IS PRIVACY
    International Economic Review, 2005, 46, (2), 377-399 View citations (30)
    See also Working Paper Money is privacy, FRB Atlanta Working Paper (2004) View citations (3) (2004)

2003

25. Are on-line currencies virtual banknotes?
    Economic Review, 2003, 88, (Q2), 1-15 View citations (2)
26. Settlement Risk under Gross and Net Settlement
    Journal of Money, Credit and Banking, 2003, 35, (4), 591-608 View citations (43)
    See also Working Paper Settlement risk under gross and net settlement, Staff Reports (1999) View citations (9) (1999)

2002

27. The economics of payment finality
    Economic Review, 2002, 87, (Q2), 1-12 View citations (5)

2001

28. Real-time gross settlement and the costs of immediacy
    Journal of Monetary Economics, 2001, 47, (2), 299-319 View citations (40)
    See also Working Paper Real-time gross settlement and the costs of immediacy, FRB Atlanta Working Paper (1999) View citations (3) (1999)
29. The CLS bank: a solution to the risks of international payments settlement?
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 191-226 View citations (20)
    See also Working Paper The CLS Bank: a solution to the risks of international payments settlement?, FRB Atlanta Working Paper (2000) View citations (3) (2000)

2000

30. The economics of check float
    Economic Review, 2000, 85, (Q4), 17-27 View citations (5)

1999

31. A General Equilibrium Analysis of Check Float
    Journal of Financial Intermediation, 1999, 8, (4), 353-377 View citations (9)
    See also Working Paper A general equilibrium analysis of check float, Staff Reports (1999) View citations (9) (1999)
32. Demandable Debts as a Means of Payment: Banknotes versus Checks
    Journal of Money, Credit and Banking, 1999, 31, (3), 500-525 View citations (7)
    Also in Proceedings, 1999, 500-530 (1999)
    See also Working Paper Demandable debt as a means of payment: banknotes versus checks, FRB Atlanta Working Paper (1998) (1998)
33. Endogenous term premia and anomalies in the term structure of interest rates: Explaining the predictability smile
    Journal of Monetary Economics, 1999, 44, (3), 555-580 View citations (34)
    See also Working Paper Endogenous term premia and anomalies in the term structure of interest rates: explaining the predictability smile, FRB Atlanta Working Paper (1996) View citations (6) (1996)
34. The design of wholesale payments networks: the importance of incentives
    Economic Review, 1999, 84, (Q3), 30-39 View citations (6)

1998

35. Payment System Settlement and Bank Incentives
    The Review of Financial Studies, 1998, 11, (4), 845-70 View citations (57)
    See also Working Paper Payment system settlement and bank incentives, Proceedings (1997) View citations (1) (1997)
36. The impact of fraud on new methods of retail payment
    Economic Review, 1998, 83, (Q 1), 42-52 View citations (9)
37. The supply and demand for Federal Reserve deposits: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 45-52

1997

38. What's really new about the new forms of retail payment?
    Economic Review, 1997, 82, (Q 1), 32-45 View citations (1)

1996

39. A Daily View of Yield Spreads and Short-Term Interest Rate Movements
    Journal of Money, Credit and Banking, 1996, 28, (1), 34-53 View citations (43)
40. Budget Constraints and Time-Series Evidence on Consumption: Comment
    American Economic Review, 1996, 86, (1), 296-97
    See also Working Paper Budget constraints and time-series evidence on consumption: comment, FRB Atlanta Working Paper (1992) (1992)

1995

41. Banks, Payments, and Coordination
    Journal of Financial Intermediation, 1995, 4, (4), 305-327 View citations (33)
    See also Working Paper Banks, payments, and coordination, Working Papers (1994) View citations (2) (1994)
42. Financial crises and the payments system: lessons from the National Banking Era
    Economic Review, 1995, 80, (Sep), 15-31 View citations (7)
43. Review essay on \"Privatopia\" and the Public Good by Evan McKenzie, 1994
    Economic Review, 1995, 80, (May), 32-36

1994

44. Changes in payments technology and the welfare cost of inflation
    Economic Review, 1994, 79, (May), 1-12 View citations (2)

1993

45. Another hole in the ozone layer: changes in FOMC operating procedure and the term structure
    Proceedings, 1993 View citations (2)
    See also Working Paper Another hole in the ozone layer: changes in FOMC operating procedure and the term structure, FRB Atlanta Working Paper (1992) View citations (1) (1992)
46. The rise of electronic payments networks and the future role of the Fed with regard to payment finality
    Economic Review, 1993, (Mar), 1-22 View citations (8)

1992

47. How little we know about deficit policy effects
    Quarterly Review, 1992, 16, (Win), 2-11 View citations (5)
48. Monetary Aggregates as Monetary Targets: A Statistical Investigation
    Journal of Money, Credit and Banking, 1992, 24, (2), 141-61 View citations (8)
    See also Working Paper Monetary aggregates as monetary targets: a statistical investigation, FRB Atlanta Working Paper (1990) (1990)
49. Review essay on Edge City: Life on the New Frontier(1991) by Joel Garreau
    Economic Review, 1992, (May), 53-56
50. What hath the Fed wrought? Interest rate smoothing in theory and practice
    Economic Review, 1992, (Jan), 12-24 View citations (5)

1991

51. The Quantitative Significance of the Lucas Critique
    Journal of Business & Economic Statistics, 1991, 9, (4), 361-87 View citations (8)
    See also Working Paper The quantitative significance of the Lucas critique, Staff Report (1987) View citations (6) (1987)
52. The Quantitative Significance of the Lucas Critique: Reply
    Journal of Business & Economic Statistics, 1991, 9, (4), 389 View citations (4)

1989

53. Money and the economy: puzzles from the 1980's experience
    Economic Review, 1989, (Sep), 20-35

1988

54. Forecast accuracy and the performance of economic policy: is there a connection?
    Economic Review, 1988, (Sep), 20-32
55. Variable rate loans and financed activities: The case of adjustable rate mortgages
    Journal of Urban Economics, 1988, 24, (1), 27-37 View citations (1)

1987

56. Forecasting and modeling the U.S. economy in 1986-88
    Quarterly Review, 1987, 11, (Win), 7-20
57. Models of Policy under Stochastic Replanning
    International Economic Review, 1987, 28, (3), 731-55 View citations (70)
    See also Working Paper Models of policy under stochastic replanning, Staff Report (1986) View citations (1) (1986)

1985

58. Adjustable rate mortgages: increasing efficiency more than housing activity
    Quarterly Review, 1985, 9, (Sum)

Books

2023

1. How a Ledger Became a Central Bank
   Cambridge Books, Cambridge University Press
   Also in Cambridge Books, Cambridge University Press (2023)

Edited books

2013

1. The Origins, History, and Future of the Federal Reserve
   Cambridge Books, Cambridge University Press View citations (85)

Chapters

2018

1. The Bank of Amsterdam’s Search for Success and Stability
   Palgrave Macmillan

2014

2. The Bank of Amsterdam Through the Lens of Monetary Competition
   Springer
   See also Working Paper The Bank of Amsterdam through the lens of monetary competition, Federal Reserve Bank of Atlanta (2012) View citations (2) (2012)