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Payment innovations, the shadow economy and cash demand of households in euro area countries
Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2020
We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and … opportunity costs, we concentrate on cashless payments media as substitutes to cash payments and the role of the shadow economy …
Persistent link: https://www.econbiz.de/10012291866
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The pandemic cash and retail payment behaviour : insights from the future of payments databas
Auer, Raphael A.; Cornelli, Giulio; Frost, Jon - 2023
? What do they imply for the future of cash and digital payments? We assemble a new "Future of Payments" database on retail … countries. We find that card-not-present payments, payment app downloads and the volume of cash in circulation all rose in weeks …
Persistent link: https://www.econbiz.de/10013536195
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Cash in circulation and the shadow economy : an empirical investigation for Euro area countries and beyond
Seitz, Franz; Reimers, Hans-Eggert; Schneider, Friedrich - 2018
purposes, we also present panel results for eight non-euro area countries (Australia, Canada, Japan, Norway, Sweden … banknotes and take due account of other determinants of cash demand. We find a significant and positive relationship between the … cash demand equation including the shadow economy. …
Persistent link: https://www.econbiz.de/10011872942
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Promise not fulfilled : FinTech, data privacy, and the GDPR
Dorfleitner, Gregor; Hornuf, Lars; Kreppmeier, Julia - 2021
This article analyzes how the General Data Protection Regulation (GDPR) has affected the privacy practices of FinTech firms. We study the content of 308 privacy statements respectively before and after the GDPR became binding. Using textual analysis methods, we find that the readability of the...
Persistent link: https://www.econbiz.de/10012649756
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Capital flows in the euro area and TARGET2 balances
Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - 2018
We estimate a panel VAR model for the euro area to quantitatively asses the contribution of the TARGET2 system to the propagation of different types of structural economic shocks as well as to the historical evolution of aggregate economic activity in euro area member countries. Our results...
Persistent link: https://www.econbiz.de/10011793977
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The liquidity premium of digital payment vehicle
Chen, Zefeng; Jiang, Zhengyang - 2022
Do digital payment technologies generate liquidity premia like cash and Treasury? We provide an estimate in the context …
Persistent link: https://www.econbiz.de/10013365370
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The emergence of the global fintech market : economic and technological determinants
Haddad, Christian; Hornuf, Lars - 2016 - This Version: August 25, 2016
We investigate the economic and technological determinants inducing entrepreneurs to establish ventures with the purpose of reinventing financial technology (fintech). We find that countries witness more fintech startup formations when the latest technology is readily available and people have...
Persistent link: https://www.econbiz.de/10011547910
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The impact of fintech startups on financial snstitutions' performance and default risk
Haddad, Christian; Hornuf, Lars - 2021 - This version: April 24, 2021
We study the impact fintech startups have on the performance and the default risk of traditional financial institutions. We find a positive relationship between fintech startup formations and incumbent institutions' performance for the period from 2005 to 2018 and a large sample of financial...
Persistent link: https://www.econbiz.de/10012509553
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Crowdsourcing financial information to change spending behavior
D'Acunto, Francesco; Rossi, Alberto; Weber, Michael - 2019
reaction in both directions and especially cash withdrawals, which are commonly used for incidental expenses and anonymous …
Persistent link: https://www.econbiz.de/10011982228
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Personal communication in a Fintech World : evidence from loan payments
Laudenbach, Christine; Pirschel, Jenny; Siegel, Stephan - 2018
We examine the effect of personal, two-way communication on the behavior of borrowers, who have fallen behind on their consumer loan payments. While the lender has informed all borrowers about the delinquency through an automatically generated letter, some borrowers also receive a phone call...
Persistent link: https://www.econbiz.de/10011924549