Latest version presented at Norges Bank, Oslo, 25 February 2008. Earlier versions have been presented at De Nederlandsche Bank, Amsterdam, (31 January 2008), European Central Bank (Frankfurt, 14 November 2007), The Economics of Payment Systems: from Theoretical to Empirical Issues -conference (Paris, 25-26 October 2007), Bank of England (London, 22 October 2007), and Bank of Finland (Helsinki, 27 August 2007).

Latest version presented at Bank of England, Financial Resiliency Division, London, 16 November 2007. Earlier versions have been presented at Joint Bank of England – European Central Bank Conference on Payment Systems and Financial Stability (Frankfurt, 12-13 November 2007) and Bank of Finland 5th simulation conference and workshop, Helsinki, 28-29 August 2007

Latest version presented at Helsinki University of Technology, Helsinki, 3 September 2007. An earlier version was presented at Bank of Finland Economist Seminar (Helsinki, 31 August 2007).

International Society of Dynamic Games – 6th Annual Workshop, Rabat, 5-8 September 2007

Bank of Finland 5th simulation conference and workshop, Helsinki, 28-29 August 2007