Titel -- Inhalt -- Vorwort -- Herausgeber -- Autorenverzeichnis -- Teil I: Aktuelle Entwicklungen im Payment-Markt -- Einführung -- Future Retail Payments: the Implications of Innovation for the Single Euro Payments Area -- 1 Introduction -- 2 Retail payments integration - the Single Euro...

This paper provides a snapshot of the state of the literature on payment cards, particularly from the perspective of interchange fees and the economics literature on two-sided markets. The paper aims to integrate a wide range of theoretical papers with the relevant empirical research and...

Some financial institutions can use internally developed credit risk models to determine their capital requirements. At the same time, the regulatory framework governing such models allows institutions to implement diverse rating systems with no specified penalty for poor model performance. To...