"Nonbanks and Risk in Retail Payments: EU and U.S.," with Terri Bradford, Fumiko Hayashi, Christian Hung, Simonetta Rosati, Zhu Wang, and Stuart E. Weiner, Managing Information Risk and the Economics of Security, Eric M. Johnson, ed., Springer Publishing, forthcoming.

"Regulatory Changes and the Development of the U.S. Banking Market, 1870-1914: A Study of Profit Rates and Risk in National Banks,"  The Origin and Development of Financial Institutions and Markets, Cambridge University Press, forthcoming.

"Corporate Governance and Bank Performance,"  Corporate Governance in Banking: An International Perspective, B. Gup, ed., Edward Elgar, 2007, pp. 40-61.

"Manager Wealth Concentration, Ownership Structure, and Risk in Commercial Banks," with Kenneth R. Spong, Journal of Financial Intermediation, April 2007, pp. 229-48.

"A Guide to the ATM and Debit Card Industry: 2006 Update," with Fumiko Hayashi and Stuart E. Weiner, 2006.  (PDF 452K)

"The Effect of Wealth and Ownership on Firm Performance," with Kenneth R. Spong, Journal of Financial Transformation, December 2005, pp. 39-47.

"Patents," The Oxford Encyclopedia of Economic History, J. Mokyr, ed., Oxford University Press, 2003.

"Investment in Internet Banking as a Real Option: Theory and Tests," with Marsha Courchane and David Nickerson, Journal of Multinational Financial Management, 12 (4-5), October-December 2002, pp. 347-63.

"Who's Minding the Store? Motivating and Monitoring Hired Managers at Small, Closely Held Commercial Banks, " with Robert DeYoung and Kenneth Spong, Journal of Banking and Finance, 25 (7), July 2001, pp. 1209-1242.

"Trends in the Agricultural Labor Force," The State of Humanity, J. Simon, ed., Basil Blackwell, 1995.

"Patent Counts and Textile Invention: A Comment on Griffiths, Hunt, and O'Brien," Journal of Economic History , 55 (3), September 1995, pp. 666-70.

"Estimates of the Value of Patent Rights in Great Britain and Ireland, 1852 -1876," Economica, 61, No. 241, February 1994, pp. 37-58.

"The Effect of Immigration Upon Aggregate Unemployment: An Across City Estimation," with Julian L. Simon and Stephen Moore, Journal of Labor Research, 14 (3), Summer 1993, pp. 299-316.

"The Revolution of Ideas: Widespread Patenting and Invention During the English Industrial Revolution."  Journal of Economic History 50 (2), (June 1990), pp. 349-62.

"England's Age of Invention: The Acceleration of Patents and Patentable Invention During the Industrial Revolution," Explorations in Economic History, 26 (4), October 1989, pp. 424 - 52.

"More on Immigrants' Earnings Over Time," with Julian L. Simon, Genus 44, (1 - 2), (January - July 1989), pp. 157-175.

"Population Size, Knowledge Stock, and Other Determinants of Agricultural Publication and Patenting: England, 1541-1850," with Julian L. Simon, Explorations in Economic History, 26 (1), January 1989, pp. 21-45.  Reprinted in Population and Development in Poor Countries, J. Simon, ed., Princeton University Press, 1992, pp. 334-59.

"The Timing and Pattern of Technological Development in English Agriculture, 1611-1850," The Journal of Economic History, 45 (2), (June 1985), pp. 305-314.

"Measurement of English Farming Technological Change, 1523-1900," Explorations in Economic History, 21 (3), July 1984, pp. 270-289.

"Can Smart Cards Reduce Payments Fraud and Identity Theft?" Third Quarter 2008    (Summary | Article  PDF 219K)

"Nonbanks in the Payments System: Innovation, Competition, and Risk - A Conference Summary," with Zhu Wang, Third Quarter 2007.   (Summary | Article  PDF 109K) 

"Risk Management and Nonbank Participation in the U.S. Retail Payments System," Second Quarter 2007.   (Summary | Article  PDF 161K)

"Interchange Fees in Credit and Debit Card Markets: What Role for Publics Authorities" - A Conference Summary," with Barbara Pacheco, First Quarter 2006.  (Summary | Article  PDF 219K) 

"The Outlook for the U.S. Banking Industry: What Does the Experience of the 1980s and 1990s Tell Us?" with Kenneth Spong, Fourth Quarter 1999.   (Summary | Article  PDF 206K)

Federal Reserve Bank of Kansas City Working Papers

"Nonbanks and Risk in Retail Payments," with Terri Bradford, Fumiko Hayashi, Simonetta Rosati, Zhu Wang, and Stuart E. Weiner, Payments System Research Working Paper, 2007. (PDF 379K)

"The Supervisory Framework Surrounding Nonbank Participation in the U.S. Retail Payments System: An Overview," (PDF, 278K)

"Internet Banking: An Exploration in Technology Diffusion and Impact," with Zhu Wang, 2005.  (PDF, 442K)

"Financial Innovations, Strategic Real Options and Endogenous Competition: Theory and an Application to Internet Banking," with David Nickerson,  2003.  (PDF, 670K) 

Other Federal Reserve Bank of Kansas City publications

"A Guide to the ATM and Debit Card Industry: 2006 Update," with Fumiko Hayashi and Stuart E. Weiner, 2006.  (PDF 451K)

"A Guide to the ATM and Debit Card Industry,"  with Fumiko Hayashi and Stuart E. Weiner, 2003.   (PDF 905K)

"Performance and Operation of Commercial Bank Web Sites," Financial Industry Perspectives, December 2001. (PDF 102K)

"The 2001 Survey of Commercial Banks in the Tenth Federal Reserve District: Changes and Challenges," Financial Industry Perspectives, December 2001.  (PDF 583K)

"How Has the Adoption of Internet Banking Affected Performance and Risk in Banks? A Look at Internet Banking in the Tenth Federal Reserve District," Financial Industry Perspectives, December 2000.   (PDF 165K)

 "How Does Ownership Structure and Manager Wealth Influence Risk?" A Look at Ownership Structure, Manager Wealth, and Risk in Commercial Banks," with Kenneth R. Spong, Financial Industry Perspectives, December 1998.   (PDF 198K)

"Small Business Lending by Commercial Banks in Colorado, 1994-1996," with Richard D. Johnson, Ronnie J. Phillips, and Kenneth R. Spong, Financial Industry Perspectives, May 1998.   (PDF 138K)

"What Makes a Bank Efficient?--A Look at Financial Characteristics and Bank Management and Ownership Structure," with Kenneth R. Spong and Robert DeYoung, Financial Industry Perspectives, December 1995.  (PDF 208K)

"Successful Strategies in Interstate Bank Acquisitions," Financial Industry Perspectives, December 1995.  (PDF 200K)

Speeches and presentations

Can Smart Cards Reduce Payments Fraud and Identity Theft?
February 25, 2009
Payment Council Summit of the Smart Card Alliance
Salt Lake City, UT  (PDF 90K)

A Corporate Perspective on Nonbanks and Risk in Payments
October 20, 2008
Association for Financial Professionals 2008 Annual Conference
Los Angeles, CA  (PDF 414K)

Nonbanks in the Payments System
Strategic Payments Forum, Charlotte, NC
April 23, 2008 (PDF 195K)

The ATM and Debit Card Industry: A View From the Fed
ATM, Debit, & Prepaid Forum,  Las Vegas, Nevada
with Fumiko Hayashi and Stuart E. Weiner, October 4, 2006  (PDF, 104K)

Internet Banking: An Exploration in Technology Diffusion and Impact
NBER Summer Institute 2006 - Productivity Potpourri Workshop, Cambridge, Massachusetts
with Zhu Wang, July 21, 2006   (PDF, 179K)

The Supervisory Framework Surrounding Nonbank Participation in the U.S. Retail Payments System
Banking Industry Technology Secretariat, Kansas City, Missouri
August 5, 2005    (PDF, 179K)

Other Federal Reserve publications

"The Benefits of Collecting and Reporting Payment Fraud Statistics for the United States," PSR Briefing, October 2009  (PDF 706K)

"Understanding Risks Management in Emerging Retail Payments," with MIchele Braun, Jamie McAndrews, and William Robards, Economic Policy Review, Federal Reserve Bank of New York, September 2008. (PDF, 288K)

"Payment Services and the Evolution of Internet Banking," PSR Briefing, August 2004  (PDF, 276K)