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The Pandemic, Cash and Retail Payment Behaviour : Insights from the Future of Payments Database

Auer, Raphael A.; Cornelli, Giulio; Frost, Jon - 2023

The Covid-19 pandemic has been a shock to retail payment behaviour. How have the changes differed across countries? What do they imply for the future of cash and digital payments? We assemble a new “Future of Payments” database on retail payment behaviour for up to 95 countries over...

Persistent link: https://www.econbiz.de/10014261473

The Liquidity Premium of Digital Payment Vehicle

Chen, Zefeng; Jiang, Zhengyang - 2022

Do digital payment technologies generate liquidity premia like cash and Treasury? We provide an estimate in the context of the world’s largest digital payment platform, Alipay. Our empirical strategy exploits the variation in the timing of the introduction of money market funds that users on...

Persistent link: https://www.econbiz.de/10014077001

Payment Innovations, the Shadow Economy and Cash Demand of Households in Euro Area Countries

Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2021

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and opportunity costs, we concentrate on cashless payments media...

Persistent link: https://www.econbiz.de/10013315295

Impact of Roaming Regulation on Revenues and Prices of Mobile Operators in the EU

Grzybowski, Lukasz; Munoz-Acevedo, Ángela - 2021

We empirically assess the impact of the EU roaming regulation on mobile operators’ average revenues per user (ARPU) and …-level data we find that the regulation decreased mobile operator’s revenues per user, while it had no impact on tariffs during … the latest phase of the regulation …

Persistent link: https://www.econbiz.de/10013216252

Evaluating the Impact of Price Caps - Evidence from the European Roam-Like-At-Home Regulation

Canzian, Giulia; Mazzarella, Gianluca; Verzillo, Stefano; … - 2021

The roam-like-at-home regulation (RLAH) eliminated all mobile roaming surcharges to Eu-ropean consumers travelling … within the European Economic Area (EEA). We measure the causal impact of the regulation on EEA roaming traffic, using the … revenues. To evaluate the welfare effects of the regulation, we develop a framework that includes consumer surplus, retail and …

Persistent link: https://www.econbiz.de/10013211736

Has the Euro Affected the Choice of Invoicing Currency?

Ligthart, Jenny E. - 2013

We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the currency and the country. We use unique quarterly panel...

Persistent link: https://www.econbiz.de/10013094696

Politicians' Payments in a Proportional Party System

Berg, Heléne - 2019

Is politics a lucrative business? The question is approached in this paper, as one of few to quantify the monetary returns to holding political office in a typical developed democracy where parties are the main political actors. By applying a difference-in-difference setting with a carefully...

Persistent link: https://www.econbiz.de/10012892297

Banking in the Shadow of Bitcoin? The Institutional Adoption of Cryptocurrencies

Auer, Raphael A.; Farag, Marc; Lewrick, Ulf; Orazem, Lovrenc - 2023

The phenomenal growth of cryptocurrencies raises important questions about their footprint on the financial system. What role are traditional financial intermediaries playing in cryptocurrency markets and what drives their engagement? Are new nodes emerging? We help answer these questions by...

Persistent link: https://www.econbiz.de/10014355555

How should financial intermediation services be taxed?

Lockwood, Benjamin - 2010

This paper considers the optimal taxation of savings intermediation and payment services in a dynamic general equilibrium setting, when the government can also use consumption and income taxes. When payment services are used in strict proportion to final consumption, and the cost of...

Persistent link: https://www.econbiz.de/10010274744

Regulating national firms in a common market

Biancini, Sara - 2008

We consider the regulation of national firms in a common market. Regulators can influence the production of national …

Persistent link: https://www.econbiz.de/10010264297