Central Banking

Atlanta Fed's Barron on U.S. and global payments

In the speech 'Responding to change in U.S. and global payments' given on 19 July Patrick Barron of the Federal Reserve Bank of Atlanta said a large segment of the U.S. population loves to use checks and they will no doubt remain an important element in our payments system.

"Check writing is not going away-nor are other expedient forms of payments. Cash continues to grow in volume, and even the world's oldest payment system, barter, is thriving. Barter is making a comeback through Web sites that

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