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Plastic Clashes: Competition among Closed and Open Systems in the Credit Card Industry.

Manenti, Fabio M.; Somma, Ernesto - EconWPA - 2002

This paper analyses market competition between two different types of credit card platforms: not-for-profit associations and proprietary systems. The main focus is on the role of the interchange fee set by not-for-profit platforms. We show that when the interchange fee is set so as to maximise...

Persistent link: https://www.econbiz.de/10005076892

The Determinants of Optimal Interchange Fees in Payment Systems

Wright, Julian - EconWPA - 2001

A fundamental aspect of any open payment system is the interchange fee that is paid from the merchant's bank to the cardholder's bank. Using a model in which there is partial participation by heterogeneous consumers and merchants, this paper characterizes the output maximizing, profit maximizing...

Persistent link: https://www.econbiz.de/10005134433

E-commerce, two-sided markets and info-mediation

Gaudeul, Alexandre; Jullien, Bruno - EconWPA - 2005

Participants in a market, buyers and sellers, may need the service of an intermediary who will put them into contact and give them information about their potential trading partner. The intermediary chooses what price it will charge to each side to have access to its service. It also chooses...

Persistent link: https://www.econbiz.de/10005134532

Bundling Models in Retail Banking Sector /in Slovakia/

Fusek, Peter - EconWPA - 2004

The current overview of bundling theory is combined with author's experiences of its practical application into several … bundles in retail banking sector and show how the system of bundles provide an extra value for a customer and profit for a … bank as well. Application of bundling strategies in retail banking reduces a bank's variable cost for selling, secures both …

Persistent link: https://www.econbiz.de/10005134983

FINANCIAL INTERMEDIARY IN MONETARY ECONOMICS: AN EXCERPT

Golikov, Demid - EconWPA - 2005

This is a short literature overview. (1) The literature demonstrates no coherent view on the nature of economic exchange and, in particular, provides no conventionally accepted, fully satisfactory explanation of the real effects of money. Recent developments in macroeconomics suggest a role for...

Persistent link: https://www.econbiz.de/10005126388

Capital Regulation and Credit Risk Taking : Empirical Evidence from Banks in Emerging Market Economies

Godlewski, Christophe - EconWPA - 2004

The primary purpose of this article is to investigate the relationship between bank capital and credit risk taking in emerging market economies. We also investigate the influence of several regulatory, institutional and legal features on the relationship between risk and capital. We apply a...

Persistent link: https://www.econbiz.de/10005076943

A Unified Approach to Credit Crunches, Financial Instability, and Banking Crises

Peter, Goetz von - EconWPA - 2003

We link banking and asset prices in a simple monetary macroeconomic model. Our main innovation is to consider how wide …-spread default affects the banking system. We find that the interaction of credit, asset prices, and loan losses explains a complete … whether a capital crunch, financial instability, or a banking crisis occurs. But self-fulfilling capital crunches and banking …

Persistent link: https://www.econbiz.de/10005412610

Asset Prices and Banking Distress: A Macroeconomic Approach

Peter, Goetz von - EconWPA - 2004

This paper links banking with asset prices in a monetary macroeconomic model. The main innovation is to consider how … falling asset prices affect the banking system through wide-spread borrower default, while deriving explicit solutions and …-linear, and involves feedback from the banking system in the form of credit contraction. When borrowers repay, the effect ‘passes …

Persistent link: https://www.econbiz.de/10005413177

Market Indicators, Bank Fragility, and Indirect Market Discipline

Gropp, Reint; Jukka, Vesala; Vulpes, Giuseppe - EconWPA - 2004

We examine whether two commonly used indicators of bank fragility, the subordinated debt spread and KMV’s distance to default, yield signals in line with supervisors’ interests. We argue that supervisors would prefer indicators that are strictly increasing in earnings, and decreasing in...

Persistent link: https://www.econbiz.de/10005561616

Intrinsic Motivation in Open Source Software Development

Bitzer, Jürgen; Schrettl, Wolfram; Schröder, Philipp J.H. - EconWPA - 2005

This papers sheds light on the puzzling evidence that even though open source software (OSS) is a public good, it is developed for free by highly qualified, young and motivated individuals, and evolves at a rapid pace. We show that once OSS development is understood as the private provision of a...

Persistent link: https://www.econbiz.de/10005407718