Innovation promises efficiencies in remittances, if regulation can keep up
As payments technologies evolve faster than the rules governing them, understanding both the mechanics and policy trade-offs of cross-border transfers is increasingly important.
October 15, 2025
Speech by President Lorie Logan
Keynote speaker introduction for the Chicago Payments Symposium
Dallas Fed President Logan shares an overview of how the Federal Reserve is working to modernize and innovate the payments system.
October 08, 2025
Austin’s ecosystem combines government, education and the tech industry
Dallas Fed President Lorie Logan's 360° Listening Tour is taking her to communities all around the Eleventh Federal Reserve District. The tour is helping deepen her understanding of the region’s people and economy by adding color and perspective that go beyond official statistics.
July 08, 2024
Research Department Working Papers
Complementary Currencies and Liquidity: The Case of Coca-Base Money
In coca-growing villages of Colombia, where pesos are scarce, coca-base is not only used as the main input for cocaine production—it also acts as a complementary currency (CC), circulating locally as a medium of exchange for day-to-day transactions. This paper provides a clear rationale for the economically-motivated adoption of a CC in a small open economy underprovided with official currency.
June 21, 2023
Speech by President Lorie K. Logan
Welcoming Remarks at Day 2 of the Technology-Enabled Disruption Conference
Dallas Fed President Lorie Logan delivered these remarks at the Technology-Enabled Disruption Conference 'Uncertainty and Prospects for Disruptive Investments' in Richmond, Virginia, on May 23, 2023.
May 23, 2023
High inflation disproportionately hurts low-income households
Household survey results do not support Nobel laureate economist Paul Krugman's recent suggestion that low-income families “have actually been hurt less by inflation than families with higher incomes.”
January 10, 2023
Decentralized finance proposed as alternative to traditional financial services
DeFi applications allow users to directly interact with each other to borrow, lend, insure and exchange digital assets without centralized intermediaries, such as banks and custodial exchanges.
January 03, 2023
Blockchain technology aims to expand role of digital transactions on internet
While the resources devoted to blockchain technology development have increased dramatically the past few years, the technology’s ultimate success depends on whether blockchain protocols can interact with the current economic landscape and how that occurs.
December 20, 2022
Speech by President Lorie K. Logan
Opening Remarks for Technology-Enabled Disruption: Lessons from the Pandemic and the Path Ahead
Dallas Fed President Lorie Logan delivered this address to open the second day of the conference hosted by the Federal Reserve Banks of Atlanta, Dallas and Richmond Oct. 3-4 in Atlanta.
October 04, 2022
Southwest Economy, Third Quarter 2022
Big federal stimulus, home-value spike won’t ease next slump
Ultra-low interest rates and a historic housing boom that aided state and local government operations are fading, suggesting Texas policymakers may encounter additional difficulties during the next downturn.
October 03, 2022