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For many reasons, payment systems are subject to strong network effects; one of those is the necessity of interoperability among participants. This is often accomplished via standard-setting organizations. The goal of the Single European Payments Area (SEPA) is to establish modern cross-boarder...
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firms simultaneously decide on their pricing and innovation strategies is used as the basis for the econometric analysis …. The estimations are carried out on data for manufacturing imports of three large euro area countries (Germany, France …, Netherlands) from three major non-euro area import suppliers (US, Japan, UK). The results show that exporting firms' price and …
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