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Persistent link: https://www.econbiz.de/10004092029
This paper provides a framework to assess correlations between the change of institutional functions (political centralization, plurality, rule of law, security of property, economic liberty, measured by 12 indicators) and improvements in human development (income, education, health) and...
Persistent link: https://www.econbiz.de/10010633551
We examine the relations between national cultures, the multinationality of the firm and its holdings of cash. We … cultural factors as well as the degree of multinationality of firms influence their decisions to hold cash. In particular …, firms in countries with high uncertainty avoidance, as a national culture, hold more cash as a way to hedge against …
Persistent link: https://www.econbiz.de/10009476904
This paper investigates the hypotheses that the recently established Mexican stock index futures market effectively serves the price discovery function, and that the introduction of futures trading has provoked volatility in the underlying spot market. We test both hypotheses simultaneously with...
Persistent link: https://www.econbiz.de/10009448857
We study the relationship between openness and payment system development. In particular, we analyze how the existence of technology diffusion from a more developed country fosters a transformation of payment choice in a less developed country. We apply our analysis to Mexico. Economic growth in...
Persistent link: https://www.econbiz.de/10010989285
In this paper we provide a general equilibrium model that helps explaining payment choice at the retail level: cash …
Persistent link: https://www.econbiz.de/10010860703
special status to costs as compare to other assets. It restricts the rent of cash and legitimates the rent of all other assets …
Persistent link: https://www.econbiz.de/10010883740
Retailers in the Netherlands and the U.K. can charge different prices for a commodity depending on whether cash or a … a uniform pricing constraint for cash and debit card payments are compared in a microfounded monetary model. We place … particular emphasis on the distinctive features of cash and debit cards as payment methods: the cost of a cash transaction for …
Persistent link: https://www.econbiz.de/10010907074
Persistent link: https://www.econbiz.de/10010921911
We focus the present study on cash payments made through fiduciary money (banknotes and coins), without elements of …, as well as the roots and economical reasoning of instituting certain interdictions and limitations for cash payments. …
Persistent link: https://www.econbiz.de/10010940678