Fumiko Hayashi

Federal Reserve Bank of Kansas City

Senior Economist

1 Memorial Dr.

Kansas City, MO 64198

United States

  • Federal Reserve Bank of Kansas City

SCHOLARLY PAPERS

18

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2,418

SSRN CITATIONS
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Top 16,162

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34

CROSSREF CITATIONS

34

Scholarly Papers (18)

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1.

Payment Card Rewards Programs and Consumer Payment Choice

Number of pages: 52 Posted: 30 Mar 2008 Last Revised: 06 Mar 2013
Andrew T. Ching and Fumiko Hayashi
Johns Hopkins University - Carey Business School and Federal Reserve Bank of Kansas City
Downloads 537 (71,617)
Citation 22

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Consumer Choice, Payment Methods, Rewards Programs, Interchange fees

2.

Quantifying the Impacts of Limited Supply: The Case of Nursing Homes

Downloads 395 (103,102)
Citation 11

Quantifying the Impacts of Limited Supply: The Case of Nursing Homes

International Economic Review, vol. 56(4), pp. 1291-1322, 2015, Rotman School of Management Working Paper No. 1401728
Number of pages: 55 Posted: 09 May 2009 Last Revised: 21 Apr 2016
Andrew T. Ching, Fumiko Hayashi and Hui Wang
Johns Hopkins University - Carey Business School, Federal Reserve Bank of Kansas City and Peking University - Guanghua School of Management
Downloads 395 (102,249)
Citation 2

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rationing, excess demand, capacity constraints, demand estimation, nursing homes, unobserved quality

Quantifying the Impacts of Limited Supply: The Case of Nursing Homes

International Economic Review, Vol. 56, Issue 4, pp. 1291-1322, 2015
Number of pages: 32 Posted: 29 Oct 2015
Andrew T. Ching, Fumiko Hayashi and Hui Wang
Johns Hopkins University - Carey Business School, Federal Reserve Bank of Kansas City and Peking University - Guanghua School of Management
Downloads 0
Citation 1

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3.

General Purpose Reloadable Prepaid Cards: Penetration, Use, Fees, and Fraud Risks

Federal Reserve Bank of Kansas City Working Paper No. 14-01
Number of pages: 76 Posted: 21 Feb 2014
Fumiko Hayashi and Emily Cuddy
Federal Reserve Bank of Kansas City and Federal Reserve Bank of Kansas City
Downloads 217 (191,721)
Citation 1

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General purpose reloadable prepaid cards; Unbanked; Fraud risks; Payment card fees

4.

Nonbanks and Risk in Retail Payments: EU and US

Number of pages: 49 Posted: 07 Aug 2008
Terri Bradford, Fumiko Hayashi, Christian Hung, Simonetta Rosati, Richard J. Sullivan, Zhu Wang and Stuart E. Weiner
Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, Directorate General Market Infrastructure and Payments, Oversight Division, Federal Reserve Bank of Kansas City, Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Kansas City
Downloads 157 (254,555)
Citation 3

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5.

Chargebacks: Another Payment Card Acceptance Cost for Merchants

Federal Reserve Bank of Kansas City Working Paper No. 16-01
Number of pages: 72 Posted: 22 Jan 2016
Fumiko Hayashi, Zach Markiewicz and Richard J. Sullivan
Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City and Federal Reserve Bank of Kansas City
Downloads 147 (268,550)

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Chargebacks, Fraud, Payment cards

6.

Faster Payments: Market Structure and Policy Considerations

Downloads 136 (285,348)

Faster Payments: Market Structure and Policy Considerations

FEDS Working Paper No. 2017-100
Number of pages: 41 Posted: 29 Sep 2017
Aaron Rosenbaum, Garth Baughman, Mark D. Manuszak, Kylie Stewart, Fumiko Hayashi and Joanna Stavins
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Kansas City and Federal Reserve Bank of Boston
Downloads 51 (518,217)

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Faster Payments: Market Structure and Policy Considerations

Federal Reserve Bank of Kansas City Working Paper No. RWP 17-14
Number of pages: 41 Posted: 04 Dec 2017
Aaron Rosenbaum, Garth Baughman, Mark D. Manuszak, Kylie Stewart, Fumiko Hayashi and Joanna Stavins
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Kansas City and Federal Reserve Bank of Boston
Downloads 44 (551,804)

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faster payments, market structure, dominant-operator environment, multi-operator

Faster Payments: Market Structure and Policy Considerations

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 17-4
Number of pages: 40 Posted: 09 Nov 2017
Aaron Rosenbaum, Garth Baughman, Mark D. Manuszak, Kylie Stewart, Fumiko Hayashi and Joanna Stavins
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Kansas City and Federal Reserve Bank of Boston
Downloads 41 (567,364)

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payment system improvement, competition, faster payments, public policy, market structure, retail payments

7.

Effects of Credit Scores on Consumer Payment Choice

Federal Reserve Bank of Kansas City Working Paper No. 12-03
Number of pages: 48 Posted: 19 Apr 2012
Fumiko Hayashi and Joanna Stavins
Federal Reserve Bank of Kansas City and Federal Reserve Bank of Boston
Downloads 130 (295,169)
Citation 3

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credit scores, debit cards, payment behavior

8.

Faster Payments in the United States: How Can Private Sector Systems Achieve Public Policy Goals?

Downloads 108 (337,094)

Faster Payments in the United States: How Can Private Sector Systems Achieve Public Policy Goals?

Federal Reserve Bank of Kansas City Working Paper No. 15-03
Number of pages: 29 Posted: 22 Nov 2015
Fumiko Hayashi
Federal Reserve Bank of Kansas City
Downloads 72 (436,443)

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Faster payments, System governance, Public interest

Faster Payments in the United States: How Can Private Sector Systems Achieve Public Policy Goals?

Federal Reserve Bank of Kansas City Working Paper No. 15-03
Number of pages: 29 Posted: 28 Jun 2015
Fumiko Hayashi
Federal Reserve Bank of Kansas City
Downloads 36 (595,135)

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Faster payments, System governance, Public interest

9.

Product Innovation and Network Survival in the U.S. ATM and Debit Card Industry

Federal Reserve Bank of Kansas City Working Paper No. 08-14
Number of pages: 31 Posted: 31 Jan 2009 Last Revised: 20 Dec 2013
Fumiko Hayashi and Zhu Wang
Federal Reserve Bank of Kansas City and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 95 (366,415)

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Product innovations, firm survival, shakeout

10.

Innovation, Deregulation, and the Life Cycle of a Financial Service Industry

Downloads 84 (395,201)
Citation 5

Innovation, Deregulation, and the Life Cycle of a Financial Service Industry

FRB Richmond Working Paper No. 15-08
Number of pages: 41 Posted: 13 Aug 2015
Fumiko Hayashi, Bin (Grace) Li and Zhu Wang
Federal Reserve Bank of Kansas City, International Monetary Fund and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 46 (541,772)

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Innovation, Deregulation, and the Life Cycle of a Financial Service Industry

IMF Working Paper No. 15/192
Number of pages: 43 Posted: 14 Sep 2015
Fumiko Hayashi, Bin (Grace) Li and Zhu Wang
Federal Reserve Bank of Kansas City, International Monetary Fund and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 38 (583,640)
Citation 5

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Innovation, Deregulation, Industry Dynamics, Shakeout, networks, atm, at, technology, it, General,

11.

The Economics of Payment Card Fee Structure: Policy Considerations of Payment Card Rewards

Federal Reserve Bank of Kansas City Working Paper No. 08-08
Number of pages: 24 Posted: 31 Jan 2009
Fumiko Hayashi
Federal Reserve Bank of Kansas City
Downloads 76 (418,671)
Citation 1

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Payment card rewards, merchant fees, competition policies, regulations

12.

The Economics of Payment Card Fee Structure: What is the Optimal Balance between Merchant Fee and Payment Card Rewards?

Federal Reserve Bank of Kansas City Working Paper No. 08-06
Number of pages: 29 Posted: 31 Jan 2009
Fumiko Hayashi
Federal Reserve Bank of Kansas City
Downloads 70 (437,820)
Citation 4

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payment card rewards, optimal fee structure, efficiency, equity

13.

The Economics of Payment Card Fee Structure: What Drives Payment Card Rewards?

Federal Reserve Bank of Kansas City Working Paper No. 08-07
Number of pages: 41 Posted: 30 Jan 2009
Fumiko Hayashi
Federal Reserve Bank of Kansas City
Downloads 67 (448,022)
Citation 1

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payment card rewards, equilibrium fee structure, oligopolistic merchants, card network competition, no-surcharge-rules

14.

Distributional Effects of Payment Card Pricing and Merchant Cost Pass-Through in the United States and Canada

FRB of Boston Working Paper No. 20-13
Number of pages: 66 Posted: 23 Dec 2020
Marie-Hélène Felt, Fumiko Hayashi, Joanna Stavins and Angelika Welte
Government of Canada - Bank of Canada, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Boston and Government of Canada - Bank of Canada
Downloads 48 (522,519)

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regressive effects, rewards, credit cards, interchange fees, pass-through entities

15.

Recurrent Overdrafts: A Deliberate Decision by Some Prepaid Cardholders?

Federal Reserve Bank of Kansas City Working Paper No. 14-08
Number of pages: 40 Posted: 16 Nov 2014 Last Revised: 21 Nov 2015
Fumiko Hayashi and Emily Cuddy
Federal Reserve Bank of Kansas City and Federal Reserve Bank of Kansas City
Downloads 46 (531,523)
Citation 2

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Overdrafts, General purpose reloadable prepaid cards, Unbanked and underbanked

16.

Driver of Choice? The Cost of Financial Products for Unbanked Consumers

Federal Reserve Bank of Kansas City Working Paper No. 15-15
Number of pages: 38 Posted: 22 Nov 2015
Fumiko Hayashi, Josh Hanson and Jesse Maniff
Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City and Federal Reserve Bank of Kansas City
Downloads 43 (545,746)
Citation 1

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General Purpose reloadable prepaid cards, Checking accounts, Alternative financial services, Overdraft, Unbanked

17.

The Initial Effects of EMV Migration on Chargebacks in the United States

Federal Reserve Bank of Kansas City Working Paper No. 18-10
Number of pages: 54 Posted: 12 Dec 2018
Fumiko Hayashi, Zach Markiewicz and Sabrina Minhas
Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City and Federal Reserve Bank of Kansas City
Downloads 42 (550,643)

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Chargebacks, fraud, EMV liability shift, authentication methods

18.

Distributional Effects of Payment Card Pricing and Merchant Cost Pass-through in the United States and Canada

Federal Reserve Bank of Kansas City Working Paper No. 20-18
Number of pages: 67 Posted: 01 Mar 2021
Marie-Helene Felt, Fumiko Hayashi, Joanna Stavins and Angelika Welte
Government of Canada - Bank of Canada, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Boston and Government of Canada - Bank of Canada
Downloads 20 (685,221)

Abstract:

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Regressive effects, rewards, credit cards, interchange fees, pass-through