European payment instruments : Institutional determinants of an efficient POS payment mix
Annett Pietrowiak
This thesis sheds light on the functioning and characteristics of payment systems to serve as a foundation for understanding the drivers for higher payment system efficiency. Its central goal is to develop insights into the determinants of collective payment choice suitable to lower payment costs to society. So far, the institutional environment, as potential important influence on the payment instrument mix, has not been focused on in the literature. Therefore, particular emphasis is laid on the empirical analysis of the impact of institutional factors on the share of card payments on consumer spending at the point of sale (POS). For this, a unique panel data set is constructed covering the eight most important European payment markets ranked by non-cash transaction volumes. The empirical results allow formulating conditions necessary to achieve a more efficient payment mix. They also form a basis for the assessment of related policy measures with a focus on the SEPA project in terms of their efficiency enhancing effect. Future research could possibly build upon the panel data collected.
Year of publication: |
2014
|
---|---|
Authors: | Pietrowiak, Annett |
Publisher: |
Dresden : Saechsische Landesbibliothek- Staats- und Universitaetsbibliothek Dresden |
Subject: | payment instrument | payment mix | point of sale | payment system | efficiency | European payment market | SEPA | Single Euro Payments Area | card payment | Directive on Payment Services | empirical analysis | economies of scale | network effects | two-sided markets | payment choice | payment costs | institutional factors | Bargeldloser Zahlungsverkehr | Noncash payments | EU-Binnenmarkt | Single European market | Internationaler Zahlungsverkehr | International payments | EU-Staaten | EU countries |
Saved in:
freely available
Type of publication: | Book / Working Paper |
---|---|
Type of publication (narrower categories): | Hochschulschrift ; Thesis ; Graue Literatur ; Non-commercial literature |
Language: | English |
Thesis: | Leipzig, HHL Leipzig Graduate School of Management, Diss., 2014 |
Notes: | POS = Point of sale Systemvoraussetzungen: Acrobat Reader |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10010463067
Saved in favorites
Similar items by subject
-
Dippel, Roger, (2008)
-
Payment scale economies and the replacement of cash and stored value cards
Bolt, Wilko, (2006)
-
Payment scale economies from individual bank data
Bolt, Wilko, (2009)
- More ...