is expected that the creation of a Single European Payments Area (SEPA) will spur consolidations and mergers among …

proposes a simulation model based on two optimal cash management and payment policies in the payments economics literature to … to understand the high shares of low-value cash payments in Canada, France and Germany. Yet, they do not perform as well … in the case of the Netherlands, overestimating the share of low-value cash payments. We discuss how the differences in …