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active innovators. But patents were not easly granted in response to these applications (only 3% of them led to valid patent … inventive step requirement for obtaining a European patent, it should have technical features for solving a sufficiently … applicants to overcome in order to obtain a financial exchange patent in Europe …
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intensity. Looking ahead, three factors suggest the patent system may affect financial services as it has electronics: (1) the …
Persistent link: https://www.econbiz.de/10014217372
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...
Persistent link: https://www.econbiz.de/10012706126
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We test whether output growth in European economic agglomeration regions depends on financial development. To this end we suggest a relative measure of the quality of financial institutions rather than the usual quantity proxy of financial development. In order to measure the quality of...
Persistent link: https://www.econbiz.de/10012989291
On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...
Persistent link: https://www.econbiz.de/10011712197
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The analysis highlights the aspects of diversified market structures and of local, low-distance banking as advantageous for financial stability. Heterogeneity protects from uniform market behaviour. Local banking can better overcome the problem of asymmetric information, particular in SME...
Persistent link: https://www.econbiz.de/10012153544
We consider the drivers and implications of the growth of "BigTech" in finance - ie the financial services offerings of technology companies with established presence in the market for digital services. BigTech firms often start with payments. Thereafter, some expand into the provision of...
Persistent link: https://www.econbiz.de/10012888946