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. Longer-run, conversion could boost competition among exchanges. Using data from twelve European exchanges during 1998 and … results are strongly consistent with the hypothesis that euro conversion boosted competition for order flow among the …
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competition? Has it led to more or less credit risk? In all or some countries? In this study, we examine the evolution of … competition (through market power and concentration) and credit risk (through non-performing loans) in 2005-2017 across all euro … core and periphery with respect to competition and credit risk, especially post-crisis, in spite of some partial …
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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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