Meet the Researchers
David C. Mills
[email protected]
Education
- Ph.D., Economics, Pennsylvania State University, 2001
- M.A., Economics, Pennsylvania State University, 2000
- B.A., Economics and Classical Languages, Duquesne University, 1994
- Digital Currencies and Distributed Ledgers
- Innovations in Payments
Senior Associate Director
Board of Governors of the Federal Reserve System
2022 - presentAssociate Director
Board of Governors of the Federal Reserve System
2019 - 2022Deputy Associate Director
Board of Governors of the Federal Reserve System
2016 - 2019Assistant Director
Board of Governors of the Federal Reserve System
2013 - 2016Chief
Board of Governors of the Federal Reserve System
2008 - 2013Economist
Board of Governors of the Federal Reserve System
2002 - 2008Visiting Assistant Professor
Purdue University
2001 - 2002
- The stable in stablecoins
Garth Baughman, Francesca Carapella, Jacob Gerszten, and David Mills
FEDS Notes (2022)
https://doi.org/10.17016/2380-7172.3224 - Fedwire Funds Service: Payments, Balances, and Available Liquidity
Anton Badev, Lauren Clark, Daniel Ebanks, Jeffrey Marquardt, and David Mills
Finance and Economics Discussion Series (2021)
https://doi.org/10.17016/FEDS.2021.070 - Distributed Ledger Technology in Payments, Clearing, and Settlement
David Mills, Kathy Wang, Brendan Malone, Anjana Ravi, Jeff Marquardt, Clinton Chen, Anton Badev, Timothy Brezinski, Linda Fahy, Kimberley Liao, Vanessa Kargenian, Max Ellithorpe, Wendy Ng, and Maria Baird
Journal of Financial Market Infrastructures (2018)
https://doi.org/10.21314/JFMI.2018.095
See also » FRB Working Paper (2016) - Repos, Fire Sales, and Bankruptcy Policy
Gaetano Antinolfi, Francesca Carapella, Charles Kahn, Antoine Martin, David Mills, and Ed Nosal
Review of Economic Dynamics (2015)
https://doi.org/10.1016/j.red.2014.06.002 - Interlinkages between Payment and Securities Settlement Systems
David C. Mills Jr. and Samia Y. Husain
Annals of Finance (2013)
https://doi.org/10.1007/s10436-012-0198-x - Repos, Fire Sales, and Bankruptcy Policy
Gaetano Antinolfi, Francesca Carapella, Charles Kahn, Antoine Martin, David Mills, and Ed Nosal
Working paper series (Federal Reserve Bank of Chicago. Research Department) (2012) - Imperfect Monitoring and the Discounting of Inside Money
David C. Mills Jr.
International Economic Review (2008)
https://doi.org/10.1111/j.1468-2354.2008.00496.x
See also » FRB Working Paper (2007) - Risk and Concentration in Payment and Securities Settlement Systems
David C. Mills Jr. and Travis D. Nesmith
Journal of Monetary Economics (2008)
https://doi.org/10.1016/j.jmoneco.2008.01.002
See also » FRB Working Paper (2007) - An Economic Perspective on the Enforcement of Credit Arrangements: The Case of Daylight Overdrafts in Fedwire
David C. Mills Jr. and Antoine Martin
Economic Policy Review (2008) - A Model in Which Outside and Inside Money are Essential
David C. Mills Jr.
Macroeconomic Dynamics (2007)
https://doi.org/10.1017/S1365100506060123
See also » FRB Working Paper (2006) - Alternative Central Bank Credit Policies for Liquidity Provision in a Model of Payments
David C. Mills Jr.
Journal of Monetary Economics (2006)
https://doi.org/10.1016/j.jmoneco.2005.05.008
See also » FRB Working Paper (2006) - Mechanism Design and the Role of Enforcement in Freeman's Model of Payments
David C. Mills Jr.
Review of Economic Dynamics (2004)
https://doi.org/10.1016/S1094-2025(03)00045-0 - The Size of Meetings and the Role of Money
David C. Mills
Economics Letters (2002)
https://doi.org/10.1016/S0165-1765(02)00063-0 - Outside and Inside Money: A Mechanism Design Approach
David Charles Mills
Dissertations (Pennsylvania State University) (2001)
seminar
2012Universtiy of Alabama
seminar
2009University of Missouri
seminar
2009Federal Reserve Bank of Minneapolis
seminar
2008Federal Reserve Bank of Philadelphia
seminar
2007University of Alabama
seminar
2007Texas A&M University
seminar
2006Iowa State University
seminar
2004Federal Reserve Bank of New York
seminar
2004European Central Bank
seminar
2003University of Kentucky
seminar
2003Federal Reserve Bank of Richmond
seminar
2003Michigan State University
seminar
2001Purdue University
seminar
2001Federal Reserve Bank of Philadelphia
seminar
2001Federal Reserve Bank of Cleveland
seminar
2001United States Naval Academy
conference
2011The Optimal Design of Payments Systems Workshop, The Consortium on Financial Systems and Policy, Massachusetts Institute of Technology
conference
2009Federal Reserve Bank of New York's 4th Annual Money and Payments Workshop
conference
2009Bank of Canada Workshop on Payments Systems, Collateral and Liquidity
conference
2009Midwest Macroceconomics Meetings
conference
2008Federal Reserve Bank of Chicago Summer Workshop on Money, Banking and Payments
conference
2008Liquidity in Interdependent Transfer Systems Conference, Banque de France
conference
2007Federal Reserve Bank of Cleveland Summer Workshop on Money, Banking and Payments
conference
2007Midwest Macoreconomics Meetings
conference
2006Federal Reserve Bank of New York Workshop on Money and Payments
conference
2006Midwest Macroeconomics Meetings
conference
2006Winter Meetings of the Econometric Society
conference
2005Federal Reserve Bank of Cleveland Workshop on Money, Banking and Payments
conference
2005Midwest Macroeconomics Meetings
conference
2004Federal Reserve Bank of Cleveland Workshop on Money, Banking and Payments
conference
2004North American Summer Meetings of the Econometric Society
conference
2004Midwest Macroeconomics Meetings
conference
2003Midwest Economic Theory Meetings
conference
2003Federal Reserve Bank of Cleveland Monetary Theory Workshop
conference
2003North American Summer Meetings of the Econometric Society
conference
2003Midwest Macroeconomics Meetings
conference
2002Midwest Economic Theory Meetings
conference
2001Midwest Economic Theory Meetings
conference
2001Midwest Macroeconomics Meetings
discussion
2008Economics of Payments III Conference, Federal Reserve Bank of Atlanta
discussion
2006Winter Meetings of the Econometric Society
discussion
2004Seng Conference on Money, Banking and Economic Development, University of Notre Dame
discussion
2003Economics of Payments Conference, Federal Reserve Bank of Atlanta
discussion
2001North American Summer Meetings of the Econometric Society
Awards
- 2011
Board of Governors of the Federal Reserve System
Special Achievement Award
Conference Organization
June 2011 | Board of Governors of the Federal Reserve System
Economics of Payments V
Main Organizer
November 2008 | Bank of Canada
Workshop on Payment Economics
Co-chair
Referee
- Bank of England Financial Stability Working Paper Series
- The B.E. Journal of Macroeconomics
- Computational Economics
- Contemporary Economic Policy
- Economics Letters
- Economic Theory
- Federal Reserve Bank of New York Economic Policy Review
- International Economic Review
- International Finance
- Journal of Economic Dynamics and Control
- Journal of Economic Theory
- Journal of Financial Intermediation
- Journal of Monetary Economics
- Journal of Money, Credit and Banking
- Journal of Political Economy
- Macroeconomic Dynamics
- Omega, The International Journal of Management Science
- Review of Economic Dynamics
- Review of Finance
Professional Affiliation
- Member, American Economic Association