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Pricing should speed up the substitution of low cost electronic payments for expensive paper-based transactions and cash. But by how much? Norway has explicitly priced individual payment transactions and rapidly shifted to electronic payments while the Netherlands has experienced the same shift...
Persistent link: https://www.econbiz.de/10005512290
Electronic payments are considerably cheaper than their paper-based alternatives. Similarly, ATMs are a more cost-efficient way to deliver certain depositor services than are branch offices. As the share of electronic payments in 12 European countries rose from 0.43 in 1987 to 0.79 in 1999 and...
Persistent link: https://www.econbiz.de/10005512368
Target is a real time gross settlement (RTGS) large value payment network operated by European central banks that eliminates systemic risk. Euro1 is a privately operated delayed net settlement (DNS) network that reduces substantially systemic risk but does not eliminate it. This difference makes...
Persistent link: https://www.econbiz.de/10005530775
The substitution of noncash (check, giro, and credit and debit card) payments for cash transactions is difficult to gauge because there are no data series on the actual value or volume of cash transactions in any country. However, determining the degree of cash substitution is important because...
Persistent link: https://www.econbiz.de/10005419686
The goal of SEPA (Single Euro Payments Area) is to facilitate the emergence of a competitive, intra-European market by making cross-border payments as easy as domestic transactions. With cross-border inter-operability for electronic payments, card transactions will increasingly replace cash and...
Persistent link: https://www.econbiz.de/10005432503
Studies of banking competition and competitive behavior both within and across countries typically utilise only one of the few measures that are available. In trying to assess the relative competitive position of banking markets in 14 European countries, existing indicators of competition are...
Persistent link: https://www.econbiz.de/10005397489
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C ARBo V ALVERDE S., H UMPHREY D. B. and R ODRiGUEZ F ERNaNDEZ F. (2003) Deregulation, bank competition and regional growth, Reg. Studies 37 , 227-237. Cross-country studies suggest that countries with greater financial sector competition have higher rates of economic growth. However, it is...
Persistent link: https://www.econbiz.de/10005457730
We assess the competitiveness of the $400 billion dollar U.S. bank consumer loan market by comparing results from different competition measures-HHI, Lerner Index, H-Statistic along with three others, two of which are related to frontier analysis. These measures are typically weakly related to...
Persistent link: https://www.econbiz.de/10011127194
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