Our mission is to produce leading-edge research on how credit markets and payment systems affect the economy. The Institute sponsors opportunities for scholars, the financial industry, and the public sector to collaborate and share insights on fostering healthy household finances, a stable financial system, and a resilient economy.

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Our researchers span four Bank departments and collaborate with each other and visiting scholars to provide the next level of research.

Meet one of our researchers

Susan Herbst-Murphy

Consumer Credit and Payments Industry Expert, Payment Cards Center

Susan Herbst Murphy

Susan Herbst-Murphy studies cards and other electronic payments and credit solutions for various market segments.

  • Consumer Behavior and Preferences
  • Demographics of Payment Choice
  • Strategic Planning
  • Customer-Focused Innovation

Publications and Resources

Literature Database

Our continually updated database provides bibliographic citations for journal articles, books, reports, and other publications on consumer credit and payments and links to full-text papers from across the Federal Reserve System.

Search Our Literature Database