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In a payment card association such as Visa, each time a consumer pays by card, the bank of the merchant (acquirer) pays an interchange fee (IF) to the bank of the cardholder (issuer) to carry out the transaction. This paper studies the determinants of socially and privately optimal IFs in a card...
Persistent link: https://www.econbiz.de/10009640439
The competition between a central securities depository (CSD) and a custodian bank is analysed in a Stackelberg model. The CSD sets its prices first, the custodian bank follows. There are many investor banks each of which has to decide whether to use the service of the CSD or of the custodian...
Persistent link: https://www.econbiz.de/10009639430
The paper presents an analysis of the trade-offs of participants of different type between payment delay and liquidity requirement on the basis of synthetically generated data. The generation of the synthetic transaction data set for a simple RTGS system is described and calibrated using real...
Persistent link: https://www.econbiz.de/10009640617
right environment for the development and commercial success of digital innovation, and to maximise the growth of the …
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The 32nd CEIES seminar "Innovation indicators - more than technology?" was held on 5 and 6 February 2007 in Aarhus …, Denmark. This seminar provided an opportunity for national innovation statistics producers, data users and data providers to … Manual 2005 and its implementation (new types of innovation, more focus on service industries and on linkages, not just …
Persistent link: https://www.econbiz.de/10009638539
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