Snellman, Heli; Virén, Matti E. E. - In: Applied financial economics 19 (2009) 10/12, pp. 841-851
This article deals with the issue of how the market structure in banking affects the choice of the means of payment. In particular, the demand for cash is analysed from this point of view. The analysis is based on a simple spatial transactions model in which banks' optimization problem is...
