The pricing of payments has received increasing attention of regulators. In many cases, regulators are concerned that consumers do not face cost based prices. They argue that without cost based prices consumers will make inefficient choices. In this paper, it is argued that both, economics of...

A recent empirical study conducted by Robert Barro and published by the Bank of England finds surprisingly little evidence for harmful effects of inflation on growth, seemingly refuting the many theories purporting the contrary. Have the costs of inflation been exaggerated in the past? Is...

In der öffentlichen Diskussion gibt es immer wieder Wissenschaftler, die für eine Abschaffung des Bargelds plädieren. Ihrer Ansicht nach würde ein solcher Schritt die faktische Zinsuntergrenze von null beseitigen und damit der Geldpolitik weiteren Handlungsspielraum eröffnen. Zudem...

Die Regulierungsbehörden scheinen in Bezug auf multilaterale Interchange-Gebühren (MIF) ambivalent zu sein. Auf der einen Seite behandeln sie die MIF wie Kartellpreise in konventionellen Märkten. Andererseits haben sie eine Obergrenze für die MIF festgelegt - und damit das Konzept von...

In Ireland, there was a bank strike that led to a complete shut-down of the main part of the banking system from May to November 1970. The effects of this strike were surprisingly limited. This had led some observers to conclude that trade credit can easily substitute for bank deposits as a...

Zahlungsmittelkosten für Verbraucher sind schwer zu ermitteln, werden international nicht harmonisiert erfasst und schwanken je nach Studienergebnis deutlich von Land zu Land. Sie fallen in vielfacher Form an, etwa als Gebühren für die Kontoführung, für Barabhebungen am Geldausgabeautomaten...

Payment costs for consumers are difficult to determine, are not recorded in an internationally harmonized manner and vary significantly from country to country. They are incurred in many forms, for example as fees for account management, for cash withdrawals at ATMs or for payment cards; but...

In Ireland, there was a bank strike that led to a complete shut-down of the main part of the banking system from May to November 1970. The effects of this strike were surprisingly limited. This had led some observers to conclude that trade credit can easily substitute for bank deposits as a...