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Electronic Purses in Euroland: Why do Penetration and Usage Rates differ?

Van Hove, Leo - 2004

This paper documents the recent performance of European electronic purses. It presents data on 16 such schemes, and compares their penetration and usage rates. These rates are shown to differ substantially. A number of schemes are doing increasingly well and in all probability are here to stay....

Persistent link: https://www.econbiz.de/10011689915

The use of cash by households in the euro area

Esselink, Henk; Hernández, Lola - 2017

Although euro banknotes and coins have been in circulation for fifteen years, not much is known about the actual use of cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area countries in 2016, based on survey results. It presents...

Persistent link: https://www.econbiz.de/10011804704

Optimizing liquidity usage and settlement speed in payment systems

Leinonen, Harry; Soramäki, Kimmo - 1999

The operating speed of a payment system depends on the stage of technology of the system's communication and …

Persistent link: https://www.econbiz.de/10012147778

Re-engineering payment systems for the E-world

Leinonen, Harry - 2000

technology, real-time processing and customers' willingness to use electronic banking interfaces will further reshape payment … full use of the possibilities created by modem technology. …

Persistent link: https://www.econbiz.de/10012147802

Payment and financial innovation, reserve demand and implementation of monetary policy

Lahdenperä, Harri - 2001

economics.New innovations in payment and settlement technology are challenging the central bank's monopoly over the supply of … for the economy.This paper demonstrates that the development of the economy's transaction technology over time has indeed … technology imply not only a quantitative change but also a qualitative one, as they enable private institutions to issue …

Persistent link: https://www.econbiz.de/10012147835

Payment systems efficiency, policy approaches, and the role of the central bank

Khiaonarong, Tanai - 2003

Central bank spending on the operation of inter-bank funds transfer systems may range from below one million to nearly a billion US dollars annually.This paper examines how such costs are incurred and recovered to pursue payment systems efficiency in different countries and under alternative...

Persistent link: https://www.econbiz.de/10012147865

Competition and regulation in European retail payment systems

Kemppainen, Kari - 2003

In this study, the interaction between the competition-cooperation nexus and regulation in retail payment systems is analysed by applying the main lessons from the theory of network industries. This is justifiable on the grounds that the payment systems industry inherently has many...

Persistent link: https://www.econbiz.de/10012147880

Simulating interbank payments and securities settlement mechanism with the BoF-PSS2 simulator

Leinonen, Harry; Soramäki, Kimmo - 2003

The simulation technique provides a new means for analysing complex interdependencies in payment and securities settlement processing. The Bank of Finland has developed a payment and settlement system simulator (BoF-PSS2) that can be used for constructing simulation models of payment and...

Persistent link: https://www.econbiz.de/10012147887

Large value payment systems: principles and present and future developments

Iivarinen, Timo - 2004

The present European large-value payment systems are on the verge of notable changes.Since they comprise the backbone or basic infrastructure of the whole economy, it is important that the changes are monitored and carried out in a very prudent manner. This paper attempts to analyse this change...

Persistent link: https://www.econbiz.de/10012147912

The mixed oligopoly of cross-border payment systems

Kauko, Karlo - 2005

This paper presents a model depicting cross-border payment systems as a mixed oligopoly.A private net settlement system that maximises profit competes with the central banks' gross settlement system that maximises welfare.It may be optimal for the central bank system to encourage increased use...

Persistent link: https://www.econbiz.de/10012147940