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Convergence in European retail payments
Martikainen, Emmi; Schmiedel, Heiko; Takalo, Tuomas - 2013
integration, convergence in the European retail payments market is measured during the period 1995-2011 for the most used retail … estimating convergence are used: sigma convergence and beta convergence. There is some evidence of convergence for all payment … instruments has declined over time in Europe. The pace of convergence has picked up since the introduction of the single currency …
Persistent link: https://www.econbiz.de/10011606299
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Convergence of European retail payments
Martikainen, Emmi; Schmiedel, Heiko; Takalo, Tuomas - In: Journal of banking & finance 50 (2015), pp. 81-91
Persistent link: https://www.econbiz.de/10010509140
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Convergence in European retail payments
Martikainen, Emmi; Schmiedel, Heiko; Takalo, Tuomas - European Central Bank - 2013
integration, convergence in the European retail payments market is measured during the period 1995-2011 for the most used retail … estimating convergence are used: sigma convergence and beta convergence. There is some evidence of convergence for all payment … instruments has declined over time in Europe. The pace of convergence has picked up since the introduction of the single currency …
Persistent link: https://www.econbiz.de/10010693509
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Convergence of European retail payments
Martikainen, Emmi; Schmiedel, Heiko; Takalo, Tuomas - In: Journal of Banking & Finance 50 (2015) C, pp. 81-91
We estimate convergence in the European retail payments market during the period 1995–2011 for the most popular retail … payment instruments: cash, debit card, credit card, direct debit, credit transfer, cheque and e-money. To estimate convergence …, we employ the concepts of beta and sigma convergence. There is some evidence of convergence for all payment instruments …
Persistent link: https://www.econbiz.de/10011118078
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How do you pay? The role of incentives at the point-of-sale
Arango, Carlos; Huynh, Kim P.; Sabetti, Leonard - 2011
This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale. We use the Bank of Canada 2009 Method of Payment...
Persistent link: https://www.econbiz.de/10011605432
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Retail payments and the real economy
Hasan, Iftekhar; De Renzis, Tania; Schmiedel, Heiko - 2013
This paper examines the fundamental relationship between retail payments and the real economy. Using data from across 27 European markets over the period 1995-2009, the results confirm that migration to efficient electronic retail payments stimulates the overall economy, consumption and trade....
Persistent link: https://www.econbiz.de/10011605617
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The spread of branch banking and the demand for cash in post-war Germany
Krueger, Malte - 2016
The period from the 1950s to the late 1970s saw an almost uniform decline of cash-to-GDP ratios in industrial countries. A closer look at the German payment system suggests that the factor causing such a change has been the shift towards cashless wage payments. In this period, in Germany, the...
Persistent link: https://www.econbiz.de/10011622974
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Impact of digital innovation on the processing of electronic payments and contracting: An overview of legal risks
Athanassiou, Phoebus - 2017
Digital innovations in finance have in recent years attracted strong interest from public authorities, financial sector stakeholders and academics alike, inter alia on account of their promise to reduce, or to altogether eliminate, the inefficiencies surrounding the execution and settlement of...
Persistent link: https://www.econbiz.de/10011985262
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Competition Before Sunset: The Case of the Finnish ATM Market
Kopsakangas-Savolainen, Maria; Takalo, Tuomas - In: Review of Network Economics 13 (2014) 1, pp. 1-33
Abstract We study service fee and network size competition in an ATM market between an incumbent and an independent deployer, and its optimal regulation. We also analyze an actual regulation of such a market by competition authorities in Finland. Compared with the first-best regulation, we find...
Persistent link: https://www.econbiz.de/10014618840
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Externalities in Payment Card Networks: Theory and Evidence
Chakravorti, Sujit - In: Review of Network Economics 9 (2010) 2
Payment cards continue to replace cash and checks in advanced economies. Along with the growth of payment card transactions has come greater scrutiny by public authorities of certain payment network rules along with the level of certain fees. This article reviews the growing payment card...
Persistent link: https://www.econbiz.de/10014619161