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...

This paper deals with the issue of how the market structure in banking affects the choice of 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 the banks' optimization problem is solved.The...

Asymmetry a nd Aggregation i n the EU David G. Mayes and Matti Viren paigrave macmillan Contents List of Figures vi List of Tables viii List of Abbreviations x Acknowledgements ...