Download or read book Design and Security of Currency written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-05 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Design and security of currency : hearing before the Subcommittee on Domestic Monetary Policy, Technology, and Economic Growth of the Committee on Financial Services, U.S. House of Representatives, One Hundred Seventh Congress, first session, July 24, 2001.
Download or read book DESIGN AND SECURITY OF CURRENCY HEARING SERIAL NO 107 38 COMMITTEE ON FINANCIAL SERVICES HOUSE OF REPRESENTATIVES 107TH CONG written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2002* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Design and Printing of Bank Notes written by Mr.Richard K. Abrams and published by International Monetary Fund. This book was released on 1995-03 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many newly independent or systemically transforming countries feel a pressing need to--or must--introduce their own national currency. Other countries simply wish to enhance the attractiveness, usefulness, durability, and/or security of their currencies. However, it is difficult to find consistent published information on the various aspects of this process. This paper attempts to ameliorate this problem by discussing the main issues in designing, producing, and printing a new currency, in order to help those charged with these tasks to proceed in an orderly and informed manner. Attention is also given to examining the options that may be available when this exercise must be undertaken on an emergency basis, with little or no warning.
Download or read book Information Aggregation Security Design and Currency Swaps written by Bhagwan Chowdhry and published by . This book was released on 2002 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: A model of security design based on the principle of information aggregation and alignment is used to show that (i) firms needing to finance their operations should issue different securities to different groups of investors in order to aggregate their disparate information and (ii) each security should be highly correlated (closely aligned) with the private information signal of the investor to whom it is marketed. This alignment reduces the adverse selection penalty paid by a firm with superior information. Adverse selection costs are often contingent on ex post publicly observable and contractible state variables such as exchange rates. In such cases, debt contracts are dominated by currency swaps. Moreover, optimal securities are derivative contracts that are contingent on state variables that influence adverse selection costs. This is because the netting of cash flows in these derivative contracts, in effect, alters the state-by-state seniority of different claims in a desirable way.
Download or read book Counterfeit Deterrent Features for the Next Generation Currency Design written by National Research Council and published by National Academies Press. This book was released on 1993-02-01 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, counterfeit deterrent features restricted counterfeiting to only the dedicated craftsman. With the advent of highly sophisticated reprographic systems, this is no longer true. Redesign of U.S. banknotes is necessary in order to incorporate additional features aimed at discouraging counterfeiting using advanced copiers-scanners-printers. This volume evaluates a large number of such features while recommending a comprehensive national strategy for anticipating and responding to counterfeiting threats.
Download or read book Design and Security of Currency written by United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic Monetary Policy, Technology, and Economic Growth and published by . This book was released on 2001 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Currency Features for Visually Impaired People written by National Research Council and published by National Academies Press. This book was released on 1995-02-18 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Committee on Currency Features for the Visually Impaired evaluated features that could be incorporated in the production of U.S. banknotes that would enable blind and visually disabled people to more easily determine the denomination of a banknote. This volume describes several features and the assessment methodology used to determine which features could be recommended for inclusion in the short term, which could be recommended for research and possible inclusion in future currency redesigns, and which features were impractical for use in U.S. banknotes. Also included is an outline of the various types of visual disabilities that impair an individual's ability to denominate banknotes. Recommended features and areas of research are described in detail. Banknote and other security document producers, and people interested in addressing needs and opportunities for visually disabled people in the United States will find this book useful.
Download or read book A Path to the Next Generation of U S Banknotes written by National Research Council and published by National Academies Press. This book was released on 2007-07-26 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid pace at which digital printing is advancing is posing a very serious challenge to the U.S. Department of the Treasury's Bureau of Printing (BEP). The BEP needs to stay ahead of the evolving counterfeiting threats to U.S. currency. To help meet that challenge, A Path to the Next Generation of U.S. Banknotes provides an assessment of technologies and methods to produce designs that enhance the security of U.S. Federal Reserve notes (FRNs). This book presents the results of a systematic investigation of the trends in digital imaging and printing and how they enable emerging counterfeiting threats. It also provides the identification and analysis of new features of FRNs that could provide effective countermeasures to these threats and an overview of a requirements-driven development process that could be adapted to develop an advanced-generation currency.
Download or read book Is That Real written by National Research Council and published by National Academies Press. This book was released on 2006-04-19 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: A key mission of the Bureau of Engraving and Printing of the Department of the Treasury is the design and printing of U.S. banknotes. The BEP is responsible for producing easily recognizable currency that is difficult to counterfeit. In recent years, the bureau has recognized the modern information technology could lead to entirely new types of counterfeiting threats, and it has requested a number of studies by the NRC to assess these evolving threats. In this new request, the BEP asked the NRC to identify and evaluate significant emerging counterfeiting threats and to assess technologically feasible counterfeit-deterrent features for potential use in new designs. This first report provides an assessment of emerging threats including a wide range of digital imaging and printing techniques. It also presents an analysis of a systems approach to the counterfeiting threat. The second report will offer an evaluation of new banknote features to address these threats.
Download or read book The Currency Design Act written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage and published by . This book was released on 1985 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Design Choices for Central Bank Digital Currency written by Sarah Allen and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: CBDCs also give rise, however, to a host of challenging technical goals and design questions that are qualitatively and quantitatively different from those in existing government and consumer payment systems. A well-functioning CBDC will require an extremely resilient, secure, and performant new infrastructure, with the ability to onboard, authenticate, and support users on massive scale. It will necessitate an architecture simple enough to support modular design and rigorous security analysis, but flexible enough to accommodate current and future functional requirements and use cases. A CBDC will also in some way need to address an innate tension between privacy and transparency, protecting user data from abuse while selectively permitting data mining for end-user services, policymakers, and law enforcement investigations and interventions.
Download or read book The Currency Design Act written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage and published by . This book was released on 1984 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Designing Central Bank Digital Currencies written by Mr.Itai Agur and published by International Monetary Fund. This book was released on 2019-11-18 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their preferences over anonymity and security; and where network effects make the convenience of payment instruments dependent on the number of their users. CBDC can be designed with attributes similar to cash or deposits, and can be interest-bearing: a CBDC that closely competes with deposits depresses bank credit and output, while a cash-like CBDC may lead to the disappearance of cash. Then, the optimal CBDC design trades off bank intermediation against the social value of maintaining diverse payment instruments. When network effects matter, an interest-bearing CBDC alleviates the central bank's tradeoff.
Download or read book Information Aggregation Security Design and Currency Swaps written by Mark Grinblatt and published by . This book was released on 2014 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: A security design model shows that multinational firms needing to finance their operations should issue different securities to investors in different countries in order to aggregate their disparate information about domestic and foreign cash flows. However, if the firm becomes bankrupt, investors may face uncertain costs of reorganizing assets in a foreign country and thus may value foreign assets at their average value. This penalizes superior firms with low reorganization costs. Such firms minimize the adverse selection penalty by designing securities that allocate all the cash flow in bankruptcy to investors for which the adverse selection costs are the smallest given the exchange rate. We show that this sharing rule can be implemented with currency swaps because these instruments allow the priorities of claims in bankruptcy to switch depending on the exchange rate.
Download or read book Currency Features for Visually Impaired People written by Committee on Currency Features Usable by the Visually Impaired and published by National Academies Press. This book was released on 1995-02-01 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Committee on Currency Features for the Visually Impaired evaluated features that could be incorporated in the production of U.S. banknotes that would enable blind and visually disabled people to more easily determine the denomination of a banknote. This volume describes several features and the assessment methodology used to determine which features could be recommended for inclusion in the short term, which could be recommended for research and possible inclusion in future currency redesigns, and which features were impractical for use in U.S. banknotes. Also included is an outline of the various types of visual disabilities that impair an individual's ability to denominate banknotes. Recommended features and areas of research are described in detail. Banknote and other security document producers, and people interested in addressing needs and opportunities for visually disabled people in the United States will find this book useful.
Download or read book Design and Security of Currency written by Peter T. King and published by . This book was released on 2001-01-01 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Witnesses: George Allen, a U.S. Senator from the State of Virginia; Eric Cantor, a Representative in Congress from the State of Virginia; Thomas A. Ferguson, Director, U.S. Bureau of Printing and Engraving; Daniel G. Snow, Special Agent in Charge, Counterfeit Div., U.S. Secret Service, accompanied by Tony Chapa, Deputy Special Agent in Charge, Counterfeit Div.; and Students of Liberty Middle School and Patrick Henry High School, Ashland, VA.
Download or read book The Rise of Digital Money written by Mr.Tobias Adrian and published by International Monetary Fund. This book was released on 2019-07-15 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.
